Mutual of America Capital Management LLC Decreases Position in KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC reduced its holdings in shares of KBR, Inc. (NYSE:KBR) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,490 shares of the construction company’s stock after selling 2,941 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of KBR worth $6,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Pier 88 Investment Partners LLC raised its holdings in shares of KBR by 25.9% in the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in KBR during the 4th quarter valued at about $47,022,000. GSA Capital Partners LLP acquired a new position in shares of KBR in the third quarter valued at about $771,000. Franklin Resources Inc. raised its stake 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 worth $167,876,000 after purchasing an additional 305,889 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of KBR by 56.9% during 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 during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Down 1.6 %

Shares of KBR stock opened at $48.27 on Tuesday. KBR, Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $6.39 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The firm has a 50-day simple moving average of $55.15 and a two-hundred day simple moving average of $61.22.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2 billion. As a group, equities 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. Investors of record on Friday, March 14th will be paid a $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. KeyCorp cut 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. Citigroup decreased their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. TD Cowen lowered their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.88.

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.