Great Lakes Advisors LLC Sells 3,026 Shares of KBR, Inc. (NYSE:KBR)

Great Lakes Advisors LLC cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 34.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,870 shares of the construction company’s stock after selling 3,026 shares during the period. Great Lakes Advisors LLC’s holdings in KBR were worth $325,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in KBR during the fourth quarter valued at approximately $64,000. Headlands Technologies LLC acquired a new stake in shares of KBR in the 4th quarter valued at approximately $65,000. Anchor Investment Management LLC bought a new position in shares of KBR in the fourth quarter valued at $69,000. Principal Securities Inc. acquired a new position in KBR during the fourth quarter worth $82,000. Finally, Arlington Trust Co LLC acquired a new stake in KBR in the fourth quarter valued at $94,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Sonia Galindo sold 4,660 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,409 shares in the company, valued at approximately $1,412,994. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

KBR Price Performance

KBR opened at $66.07 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $68.68. The business’s fifty day moving average is $64.04 and its 200-day moving average is $57.91.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. Sell-side analysts forecast that KBR, Inc. will post 3.21 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Monday, June 17th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Wall Street Analyst Weigh In

KBR has been the topic of a number of research analyst reports. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Truist Financial increased their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus increased their price target on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Citigroup increased their target price on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, DA Davidson increased their price objective on KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.00.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.