D. E. Shaw & Co. Inc. Sells 1,059,124 Shares of KBR, Inc. (NYSE:KBR)

D. E. Shaw & Co. Inc. lowered its position in KBR, Inc. (NYSE:KBR - Free Report) by 55.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 845,299 shares of the construction company's stock after selling 1,059,124 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.63% of KBR worth $48,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tidal Investments LLC purchased a new position in KBR in the third quarter worth $200,000. First Hawaiian Bank purchased a new position in shares of KBR in the 4th quarter worth about $205,000. Hennessy Advisors Inc. bought a new position in shares of KBR during the 4th quarter valued at about $47,022,000. Wedge Capital Management L L P NC lifted its position in KBR by 2.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 60,314 shares of the construction company's stock worth $3,494,000 after buying an additional 1,539 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in KBR by 58.5% during the fourth quarter. Diversify Wealth Management LLC now owns 9,665 shares of the construction company's stock valued at $564,000 after acquiring an additional 3,566 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Down 0.2%

Shares of KBR stock traded down $0.09 during trading hours on Tuesday, hitting $55.97. 847,020 shares of the company's stock traded hands, compared to its average volume of 1,318,487. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 0.86 and a beta of 0.83. The stock's fifty day simple moving average is $51.15 and its two-hundred day simple moving average is $55.76.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is 22.07%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KBR shares. Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, KeyCorp lifted their price objective on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, KBR currently has a consensus rating of "Moderate Buy" and an average price target of $68.86.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction dated 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 trade represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is currently owned by insiders.

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.