Segall Bryant & Hamill LLC Reduces Stock Holdings in KBR, Inc. (NYSE:KBR)

Segall Bryant & Hamill LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR) by 52.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,942 shares of the construction company’s stock after selling 386,008 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.26% of KBR worth $19,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of KBR by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock valued at $740,951,000 after buying an additional 68,588 shares during the last quarter. State Street Corp raised its position in KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after acquiring an additional 29,833 shares in the last quarter. Boston Partners grew its stake in shares of KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after purchasing an additional 3,216,323 shares during the period. Bank of New York Mellon Corp grew its stake in shares of KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Up 0.3 %

Shares of KBR opened at $51.51 on Wednesday. KBR, Inc. has a one year low of $47.16 and a one year high of $72.60. 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 stock has a 50 day moving average price of $52.85 and a 200 day moving average price of $59.39. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.86 and a beta of 0.86.

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

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Analyst Ratings Changes

KBR has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Citigroup dropped 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. KeyCorp reduced their price target on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Finally, TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average target price of $75.88.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.08% of the stock is currently owned by corporate insiders.

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.