Chartwell Investment Partners LLC Sells 799 Shares of KBR, Inc. (NYSE:KBR)

Chartwell Investment Partners LLC lowered its stake in shares of KBR, Inc. (NYSE:KBR) by 7.3% during the third quarter, HoldingsChannel reports. The fund owned 10,095 shares of the construction company’s stock after selling 799 shares during the quarter. Chartwell Investment Partners LLC’s holdings in KBR were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Swiss National Bank increased its stake in KBR by 0.3% during the first quarter. Swiss National Bank now owns 266,641 shares of the construction company’s stock valued at $16,974,000 after acquiring an additional 800 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of KBR by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 87,941 shares of the construction company’s stock valued at $5,598,000 after purchasing an additional 3,800 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in KBR by 4.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,027 shares of the construction company’s stock worth $1,084,000 after purchasing an additional 686 shares during the period. Anthracite Investment Company Inc. boosted its stake in KBR by 20.0% during the first quarter. Anthracite Investment Company Inc. now owns 60,000 shares of the construction company’s stock worth $3,820,000 after buying an additional 10,000 shares in the last quarter. Finally, South Street Advisors LLC increased its holdings in KBR by 8.8% in the 1st quarter. South Street Advisors LLC now owns 247,648 shares of the construction company’s stock valued at $15,765,000 after buying an additional 20,065 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Price Performance

KBR stock opened at $70.00 on Thursday. The business’s fifty day moving average is $66.62 and its two-hundred day moving average is $65.90. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $9.33 billion, a P/E ratio of 29.41, a P/E/G ratio of 1.42 and a beta of 0.89. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60.

KBR (NYSE:KBR) last issued its quarterly earnings results 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. Equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. DA Davidson lifted their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, October 25th. KeyCorp increased their target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group upped their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.14.

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.