Deutsche Bank AG Sells 40,927 Shares of KBR, Inc. (NYSE:KBR)

Deutsche Bank AG trimmed its position in KBR, Inc. (NYSE:KBR - Free Report) by 76.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,686 shares of the construction company's stock after selling 40,927 shares during the period. Deutsche Bank AG's holdings in KBR were worth $735,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KBR. Proficio Capital Partners LLC purchased a new position in shares of KBR in the fourth quarter worth approximately $1,131,000. Blue Trust Inc. boosted its stake in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after acquiring an additional 1,095 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of KBR during the 4th quarter valued at $290,000. Rhumbline Advisers grew its position in shares of KBR by 1.3% during the 4th quarter. Rhumbline Advisers now owns 355,496 shares of the construction company's stock valued at $20,594,000 after acquiring an additional 4,431 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of KBR by 37.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,168 shares of the construction company's stock worth $126,000 after purchasing an additional 596 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at approximately $3,214,134.47. This represents a 23.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is currently owned by company insiders.

KBR Price Performance

KBR stock traded up $0.76 during midday trading on Friday, hitting $52.19. The company's stock had a trading volume of 1,445,305 shares, compared to its average volume of 1,339,027. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The company has a 50 day moving average of $51.88 and a two-hundred day moving average of $54.58.

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

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio is presently 22.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KBR shares. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday. 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. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Citigroup lowered their price target 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.57.

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.