Swiss National Bank Has $15.16 Million Holdings in KBR, Inc. (NYSE:KBR)

Swiss National Bank decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,741 shares of the construction company’s stock after selling 500 shares during the quarter. Swiss National Bank owned about 0.20% of KBR worth $15,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in KBR during the 3rd quarter worth $26,000. UMB Bank n.a. grew its stake in shares of 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 purchasing an additional 175 shares during the period. First Horizon Advisors Inc. bought a new stake in KBR in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR during the fourth quarter worth about $68,000. Finally, Venturi Wealth Management LLC boosted its holdings 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 buying an additional 1,339 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on KBR. KeyCorp lowered their price target on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Citigroup decreased their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, TD Cowen lowered their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.88.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by insiders.

KBR Trading Up 0.8 %

KBR opened at $51.32 on Thursday. The stock has a market capitalization of $6.80 billion, a P/E ratio of 21.56, a P/E/G ratio of 0.86 and a beta of 0.86. 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 12 month low of $47.16 and a 12 month high of $72.60. The firm’s fifty day simple moving average is $53.47 and its 200 day simple moving average is $59.87.

KBR (NYSE:KBR) last issued its quarterly 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 company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, research analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. KBR’s dividend payout ratio (DPR) is 23.57%.

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.