Bfsg LLC Cuts Holdings in KBR, Inc. (NYSE:KBR)

Bfsg LLC reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 1.9% in the third quarter, HoldingsChannel.com reports. The fund owned 127,968 shares of the construction company’s stock after selling 2,520 shares during the quarter. KBR accounts for approximately 1.0% of Bfsg LLC’s portfolio, making the stock its 21st largest position. Bfsg LLC’s holdings in KBR were worth $8,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in KBR during the first quarter valued at about $25,000. Larson Financial Group LLC increased its position in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC raised its holdings in shares of 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 buying an additional 231 shares in the last quarter. Quarry LP lifted its position in KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Price Performance

Shares of KBR stock opened at $68.67 on Thursday. The company’s fifty day simple moving average is $65.65 and its two-hundred day simple moving average is $65.13. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $69.77. The firm has a market cap of $9.22 billion, a PE ratio of -35.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.88 billion. As a group, equities analysts expect that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. KeyCorp increased their target price on shares of KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.75.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The shares were 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 in the company, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.08% of the stock is 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.