Anthracite Investment Company Inc. Decreases Stock Holdings in KBR, Inc. (NYSE:KBR)

Anthracite Investment Company Inc. decreased its holdings in KBR, Inc. (NYSE:KBR) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 58,500 shares of the construction company’s stock after selling 1,500 shares during the quarter. KBR makes up 1.2% of Anthracite Investment Company Inc.’s holdings, making the stock its 22nd biggest holding. Anthracite Investment Company Inc.’s holdings in KBR were worth $3,389,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KBR. Hennessy Advisors Inc. purchased a new position in shares of KBR during the 4th quarter worth about $47,022,000. Proficio Capital Partners LLC purchased a new stake in shares of KBR in the fourth quarter valued at approximately $1,131,000. Franklin Resources Inc. boosted its holdings in shares of KBR by 14.5% in the third 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 during the period. Blue Trust Inc. grew its stake in KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in KBR during the 4th quarter valued at $290,000. 97.02% of the stock is owned by institutional investors.

KBR Stock Performance

Shares of KBR opened at $51.51 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $6.82 billion, a PE ratio of 21.64, a P/E/G ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. The stock has a fifty day moving average price of $52.85 and a 200-day moving average price of $59.39.

KBR (NYSE:KBR) last released 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 company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. Equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is a positive change 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 is presently 23.57%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group cut their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Citigroup reduced 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. KeyCorp dropped their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Finally, TD Cowen reduced their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, 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 available at 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.