KBR, Inc. (NYSE:KBR) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lowered its position in KBR, Inc. (NYSE:KBR) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,985 shares of the construction company’s stock after selling 2,085 shares during the quarter. Harbour Capital Advisors LLC’s holdings in KBR were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of KBR. True Wealth Design LLC acquired a new position in shares of KBR during the 3rd quarter valued at $26,000. Quarry LP grew its holdings in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares during the period. Eastern Bank bought a new stake in KBR in the third quarter worth about $65,000. Daiwa Securities Group Inc. bought a new stake in KBR in the third quarter worth about $111,000. Finally, Blue Trust Inc. lifted its holdings in KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after acquiring an additional 469 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

KBR stock traded up $0.80 during midday trading on Monday, reaching $59.14. 381,461 shares of the company’s stock traded hands, compared to its average volume of 1,066,295. The company has a 50-day simple moving average of $60.61 and a two-hundred day simple moving average of $64.03. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.16 and a beta of 0.85.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. On average, analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.01%. KBR’s dividend payout ratio is currently 25.21%.

Analyst Upgrades and Downgrades

KBR has been the topic of several analyst reports. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. UBS Group lifted their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. KeyCorp lowered their price target on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average price target of $78.86.

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.