KBR, Inc. (NYSE:KBR) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP lowered its position in KBR, Inc. (NYSE:KBR - Free Report) by 57.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,043 shares of the construction company's stock after selling 13,653 shares during the period. Dark Forest Capital Management LP's holdings in KBR were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares during the period. CIBC Asset Management Inc boosted its stake in KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after purchasing an additional 203 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of KBR by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after buying an additional 360 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of KBR by 4.2% during the fourth quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock worth $570,000 after acquiring an additional 394 shares during the last quarter. Finally, Mariner LLC grew its stake in KBR by 8.7% during the fourth quarter. Mariner LLC now owns 5,227 shares of the construction company's stock valued at $303,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Up 0.3 %

Shares of KBR traded up $0.16 during midday trading on Thursday, hitting $52.97. 155,027 shares of the company's stock traded hands, compared to its average volume of 1,293,329. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The firm's fifty day moving average is $50.36 and its 200-day moving average is $56.77. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. As a group, sell-side analysts anticipate that KBR, Inc. will post 3.26 earnings per share 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. This represents a $0.66 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is currently 23.57%.

Insider Activity

In other 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 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

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

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.