KBR, Inc. (NYSE:KBR) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in KBR, Inc. (NYSE:KBR) by 22.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,954 shares of the construction company’s stock after selling 19,371 shares during the quarter. Amalgamated Bank’s holdings in KBR were worth $4,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. Norges Bank acquired a new position in KBR during the 4th quarter valued at approximately $77,193,000. Jacobs Levy Equity Management Inc. raised its stake in KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after acquiring an additional 1,148,503 shares during the last quarter. Freshford Capital Management LLC lifted its position in KBR by 55.5% during the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after acquiring an additional 344,800 shares during the period. Van ECK Associates Corp grew its stake in KBR by 85.2% during the 2nd quarter. Van ECK Associates Corp now owns 523,020 shares of the construction company’s stock valued at $33,547,000 after purchasing an additional 240,677 shares during the last quarter. Finally, Onex Canada Asset Management Inc. acquired a new position in shares of KBR in the fourth quarter valued at about $11,742,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is owned by corporate insiders.

KBR Price Performance

NYSE:KBR opened at $63.58 on Friday. The company has a 50 day moving average price of $65.43 and a 200-day moving average price of $64.47. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $69.50. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of -33.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities research analysts forecast that KBR, Inc. will post 3.25 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. KBR’s dividend payout ratio is currently -31.25%.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of recent research reports. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Friday. DA Davidson reaffirmed a “buy” rating and issued a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. Finally, TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. One 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.50.

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.