KBR, Inc. (NYSE:KBR) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE grew its position in shares of KBR, Inc. (NYSE:KBR) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,892 shares of the construction company’s stock after purchasing an additional 1,378 shares during the period. Congress Wealth Management LLC DE’s holdings in KBR were worth $2,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KBR. True Wealth Design LLC acquired a new position in KBR in the 3rd quarter valued at $26,000. UMB Bank n.a. increased its stake in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR in the 4th quarter worth about $68,000. Finally, Venturi Wealth Management LLC boosted its stake in KBR by 507.2% in the 4th 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 currently owned by hedge funds and other institutional investors.

KBR Trading Down 0.9 %

NYSE KBR opened at $50.95 on Thursday. The company’s fifty day simple moving average is $52.68 and its 200-day simple moving average is $59.33. The stock has a market cap of $6.75 billion, a P/E ratio of 21.41, a PEG ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. 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 (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. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. Equities research analysts predict 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. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is currently 23.57%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KBR shares. TD Cowen decreased their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group cut their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, KeyCorp lowered their price target on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

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.