Ameritas Investment Partners Inc. Sells 1,249 Shares of KBR, Inc. (NYSE:KBR)

Ameritas Investment Partners Inc. lessened its holdings in KBR, Inc. (NYSE:KBR) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,560 shares of the construction company’s stock after selling 1,249 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in KBR were worth $1,832,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of KBR by 3.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,974 shares of the construction company’s stock worth $719,000 after purchasing an additional 464 shares in the last quarter. Norges Bank bought a new stake in shares of KBR during the fourth quarter valued at approximately $77,193,000. Parallel Advisors LLC lifted its holdings in shares of KBR by 50.7% in the fourth quarter. Parallel Advisors LLC now owns 13,285 shares of the construction company’s stock worth $736,000 after buying an additional 4,471 shares in the last quarter. United Services Automobile Association purchased a new position in KBR during the fourth quarter valued at $615,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in KBR by 5,896.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,986 shares of the construction company’s stock worth $1,329,000 after purchasing an additional 23,586 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KBR shares. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Friday. DA Davidson restated a “buy” rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.50.

KBR Stock Up 0.0 %

NYSE:KBR opened at $63.58 on Monday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $69.50. The stock has a fifty day simple moving average of $65.43 and a 200-day simple moving average of $64.49. The company 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 current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35.

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

KBR Dividend Announcement

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

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.08% of the stock is currently owned by 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.