Boothbay Fund Management LLC Sells 141,501 Shares of KBR, Inc. (NYSE:KBR)

Boothbay Fund Management LLC decreased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 66.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,565 shares of the construction company's stock after selling 141,501 shares during the period. Boothbay Fund Management LLC owned about 0.05% of KBR worth $4,204,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. bought a new position in shares of KBR in the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of KBR in the 4th quarter worth $68,000. Venturi Wealth Management LLC increased its holdings in shares of KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after buying an additional 1,339 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of KBR in the 4th quarter worth $104,000. Institutional investors own 97.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KBR shares. KeyCorp decreased their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group reduced their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Citigroup reduced their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen reduced their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.25.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by insiders.

KBR Stock Performance

Shares of KBR stock remained flat at $52.88 during midday trading on Wednesday. The company's stock had a trading volume of 966,103 shares, compared to its average volume of 1,297,803. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a 50-day simple moving average of $50.29 and a 200 day simple moving average of $56.80. 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 cap of $6.86 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were paid a $0.165 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.25%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is presently 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.