Corient Private Wealth LLC Has $202,000 Holdings in KBR, Inc. (NYSE:KBR)

Corient Private Wealth LLC cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,483 shares of the construction company’s stock after selling 13,762 shares during the period. Corient Private Wealth LLC’s holdings in KBR were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of KBR during the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its stake in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KBR during the fourth quarter worth $68,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after acquiring an additional 1,339 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KBR. TD Cowen reduced their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. KeyCorp dropped their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup reduced their price target on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

KBR Stock Performance

KBR opened at $49.94 on Wednesday. The business’s 50-day simple moving average is $51.92 and its 200 day simple moving average is $59.00. KBR, Inc. has a 52-week low of $47.16 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $6.48 billion, a PE ratio of 20.98, a PEG ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. As a group, sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.32%. The ex-dividend date is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

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.