Samlyn Capital LLC Decreases Stake in KBR, Inc. (NYSE:KBR)

Samlyn Capital LLC decreased its position in KBR, Inc. (NYSE:KBR) by 3.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,379,387 shares of the construction company’s stock after selling 54,858 shares during the period. KBR accounts for 1.5% of Samlyn Capital LLC’s holdings, making the stock its 25th biggest position. Samlyn Capital LLC’s holdings in KBR were worth $88,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. Rise Advisors LLC purchased a new stake in KBR in the 1st quarter valued at about $25,000. Larson Financial Group LLC increased its stake in shares of KBR by 2,029.2% during the 2nd 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 last quarter. CWM LLC increased its stake in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of KBR by 17.5% during the 2nd 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 last quarter. Finally, Blue Trust Inc. increased its stake in shares of KBR by 27.7% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 1.2 %

KBR opened at $64.37 on Tuesday. The company has a 50 day moving average of $65.41 and a 200 day moving average of $64.50. The company has a market cap of $8.64 billion, a PE ratio of -33.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $69.50. 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 announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, sell-side analysts expect 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. Shareholders of record on Monday, September 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is -31.25%.

Analyst Upgrades and Downgrades

KBR has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. Finally, StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.50.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.