Victory Capital Management Inc. Has $1.44 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Victory Capital Management Inc. decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 51.3% in the 4th quarter, HoldingsChannel reports. The firm owned 24,868 shares of the construction company’s stock after selling 26,241 shares during the period. Victory Capital Management Inc.’s holdings in KBR were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its holdings in KBR by 0.7% during the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares during the last quarter. Bank of New York Mellon Corp increased its position in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after buying an additional 1,307,033 shares during the period. Franklin Resources Inc. increased its position in KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after buying an additional 305,889 shares during the period. Jennison Associates LLC increased its position in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after buying an additional 353,209 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in KBR by 5.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock worth $81,840,000 after buying an additional 62,880 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KBR. DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Citigroup lowered their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, KeyCorp lowered their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Down 0.2 %

Shares of NYSE KBR opened at $50.94 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The stock has a market capitalization of $6.75 billion, a P/E ratio of 21.40, a PEG ratio of 0.86 and a beta of 0.86. The stock’s fifty day moving average is $53.59 and its 200 day moving average is $59.93.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. Sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is currently 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.