Y Intercept Hong Kong Ltd Has $884,000 Stock Position in KBR, Inc. (NYSE:KBR)

Y Intercept Hong Kong Ltd lowered its position in shares of KBR, Inc. (NYSE:KBR) by 37.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,253 shares of the construction company’s stock after selling 8,979 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in KBR were worth $884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new position in shares of KBR in the fourth quarter worth $32,000. Navellier & Associates Inc. bought a new position in shares of KBR in the fourth quarter worth $3,201,000. Leuthold Group LLC bought a new position in shares of KBR in the fourth quarter worth $2,373,000. Ieq Capital LLC increased its position in shares of KBR by 129.9% in the fourth quarter. Ieq Capital LLC now owns 12,005 shares of the construction company’s stock worth $695,000 after purchasing an additional 6,784 shares during the period. Finally, TimesSquare Capital Management LLC increased its position in shares of KBR by 4.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 574,564 shares of the construction company’s stock worth $33,284,000 after purchasing an additional 25,198 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KBR. The Goldman Sachs Group decreased their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp decreased their price target on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.88.

KBR Stock Performance

NYSE:KBR opened at $48.42 on Friday. The stock has a market cap of $6.45 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock’s 50-day moving average is $55.49 and its 200-day moving average is $61.51. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Equities research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s payout ratio is 23.57%.

KBR Company Profile

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.