KBR, Inc. (NYSE:KBR) Shares Bought by Aristides Capital LLC

Aristides Capital LLC increased its stake in KBR, Inc. (NYSE:KBR) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,030 shares of the construction company’s stock after purchasing an additional 3,721 shares during the quarter. Aristides Capital LLC’s holdings in KBR were worth $1,566,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KBR. Aster Capital Management DIFC Ltd acquired a new stake in KBR in the fourth quarter valued at approximately $530,000. Russell Investments Group Ltd. grew its holdings in KBR by 5.8% during the 4th quarter. Russell Investments Group Ltd. now owns 435,293 shares of the construction company’s stock valued at $25,216,000 after purchasing an additional 23,695 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in KBR by 168.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 58,714 shares of the construction company’s stock worth $3,401,000 after buying an additional 36,827 shares during the period. Huber Capital Management LLC lifted its holdings in KBR by 3.8% in the 4th quarter. Huber Capital Management LLC now owns 451,623 shares of the construction company’s stock worth $26,163,000 after buying an additional 16,579 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in KBR by 123.6% in the 4th quarter. Headlands Technologies LLC now owns 13,639 shares of the construction company’s stock valued at $790,000 after buying an additional 7,539 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of analyst reports. TD Cowen dropped their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Citigroup cut their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased 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. Finally, KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm’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 sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Performance

KBR stock opened at $47.57 on Friday. The stock’s 50 day simple moving average is $51.51 and its 200 day simple moving average is $58.79. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The firm has a market cap of $6.17 billion, a P/E ratio of 19.99, a P/E/G ratio of 0.86 and a beta of 0.86. 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 earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. As a group, equities research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $0.165 dividend. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, March 14th. KBR’s payout ratio is presently 23.57%.

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.