South Street Advisors LLC Reduces Stock Holdings in KBR, Inc. (NYSE:KBR)

South Street Advisors LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,913 shares of the construction company’s stock after selling 38,735 shares during the quarter. KBR accounts for 2.0% of South Street Advisors LLC’s portfolio, making the stock its 22nd largest position. South Street Advisors LLC’s holdings in KBR were worth $13,400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. CWM LLC grew its stake in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after acquiring an additional 265 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of KBR by 0.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 37,473 shares of the construction company’s stock worth $2,076,000 after acquiring an additional 293 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after acquiring an additional 316 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on KBR shares. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Friday, September 6th. UBS Group lifted their target price on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $75.50.

KBR Stock Down 1.1 %

Shares of KBR stock opened at $60.85 on Wednesday. The business’s fifty day moving average price is $65.73 and its two-hundred day moving average price is $64.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $8.10 billion, a P/E ratio of -31.69, a PEG ratio of 1.27 and a beta of 0.90. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $69.50.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts forecast that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. KBR’s dividend payout ratio is currently -31.25%.

Insiders Place Their Bets

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated 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 sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

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.