KBR, Inc. (NYSE:KBR) Shares Sold by AREX Capital Management LP

AREX Capital Management LP decreased its stake in KBR, Inc. (NYSE:KBR) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,500 shares of the construction company’s stock after selling 7,500 shares during the period. KBR accounts for about 7.5% of AREX Capital Management LP’s holdings, making the stock its 5th biggest holding. AREX Capital Management LP’s holdings in KBR were worth $6,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of KBR in the first quarter valued at about $25,000. Larson Financial Group LLC grew its stake in KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the period. CWM LLC grew its stake in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares during the period. Fifth Third Bancorp grew its stake in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares during the period. Finally, Blue Trust Inc. grew its stake in KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 0.0 %

Shares of NYSE:KBR opened at $63.58 on Monday. The business’s 50 day simple moving average is $65.43 and its two-hundred day simple moving average is $64.49. The firm has a market cap of $8.54 billion, a P/E ratio of -33.11, a PEG ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $69.50.

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

KBR Announces Dividend

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

Analyst Upgrades and Downgrades

KBR has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.

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.