Cornercap Investment Counsel Inc. Takes $207,000 Position in KBR, Inc. (NYSE:KBR)

Cornercap Investment Counsel Inc. acquired a new stake in KBR, Inc. (NYSE:KBR) in the 4th quarter, Holdings Channel reports. The fund acquired 3,573 shares of the construction company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently bought and sold shares of KBR. True Wealth Design LLC purchased a new position in shares of KBR in the third quarter worth $26,000. UMB Bank n.a. increased its position in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. purchased a new position in KBR in the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR during the fourth quarter worth about $68,000. Finally, Venturi Wealth Management LLC boosted its position in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after buying an additional 1,339 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on KBR. 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 reduced their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report 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. Finally, TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average price target of $75.88.

Insider Activity

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 directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Price Performance

NYSE:KBR opened at $50.34 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The stock’s 50-day moving average price is $52.32 and its 200-day moving average price is $59.18. The stock has a market capitalization of $6.53 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. KBR’s dividend payout ratio is currently 23.57%.

About KBR

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.