Schonfeld Strategic Advisors LLC Sells 40,435 Shares of KBR, Inc. (NYSE:KBR)

Schonfeld Strategic Advisors LLC lowered its position in KBR, Inc. (NYSE:KBR) by 64.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,018 shares of the construction company’s stock after selling 40,435 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in KBR were worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KBR. AQR Capital Management LLC raised its position in KBR by 18.7% in the 4th quarter. AQR Capital Management LLC now owns 413,199 shares of the construction company’s stock worth $23,846,000 after purchasing an additional 64,991 shares during the period. Garnet Equity Capital Holdings Inc. lifted its stake in shares of KBR by 10.7% during the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 181,375 shares of the construction company’s stock worth $10,507,000 after acquiring an additional 17,500 shares during the last quarter. Northern Trust Corp boosted its holdings in KBR by 23.2% during the 4th quarter. Northern Trust Corp now owns 1,208,302 shares of the construction company’s stock valued at $69,997,000 after acquiring an additional 227,251 shares during the period. Aquatic Capital Management LLC grew its position in KBR by 55.0% in the 4th quarter. Aquatic Capital Management LLC now owns 66,629 shares of the construction company’s stock valued at $3,860,000 after acquiring an additional 23,629 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of KBR during the fourth quarter worth $11,562,000. Institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company’s stock.

KBR Trading Up 0.5 %

Shares of NYSE:KBR opened at $54.46 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $7.07 billion, a P/E ratio of 22.88, a P/E/G ratio of 0.86 and a beta of 0.83. The business’s 50-day moving average is $50.78 and its 200 day moving average is $56.21. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60.

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

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were paid a $0.165 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.21%. KBR’s dividend payout ratio (DPR) is 23.57%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Truist Financial cut their price objective on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. KeyCorp upped their target price on KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group reduced their price target on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target of $70.75.

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.