Jefferies Financial Group Inc. Sells 124,600 Shares of KBR, Inc. (NYSE:KBR)

Jefferies Financial Group Inc. trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 89.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,600 shares of the construction company’s stock after selling 124,600 shares during the quarter. Jefferies Financial Group Inc.’s holdings in KBR were worth $846,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its position in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. bought a new position in KBR during the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR during the fourth quarter worth about $68,000. Venturi Wealth Management LLC increased its position in KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after acquiring an additional 1,339 shares during the period. Finally, R Squared Ltd bought a new position in KBR during the fourth quarter worth about $104,000. 97.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp increased their price objective on shares of KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup reduced their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average price target of $68.86.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.11% of the company’s stock.

KBR Trading Up 0.3%

KBR opened at $55.82 on Friday. The company’s 50 day moving average is $51.44 and its 200-day moving average is $55.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a market cap of $7.24 billion, a P/E ratio of 23.45, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. KBR’s payout ratio is 22.07%.

KBR 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.