Hennessy Advisors Inc. Sells 72,300 Shares of KBR, Inc. (NYSE:KBR)

Hennessy Advisors Inc. decreased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 739,400 shares of the construction company's stock after selling 72,300 shares during the period. KBR makes up approximately 1.2% of Hennessy Advisors Inc.'s holdings, making the stock its 23rd largest position. Hennessy Advisors Inc. owned approximately 0.57% of KBR worth $36,830,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in KBR in the fourth quarter valued at about $1,131,000. Rhumbline Advisers increased its stake in shares of KBR by 1.3% during the 4th quarter. Rhumbline Advisers now owns 355,496 shares of the construction company's stock worth $20,594,000 after purchasing an additional 4,431 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of KBR by 37.9% during 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. Van ECK Associates Corp increased its stake in shares of KBR by 33.0% during the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock worth $51,099,000 after purchasing an additional 218,853 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of KBR by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,488 shares of the construction company's stock worth $2,519,000 after purchasing an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Price Performance

KBR stock traded down $0.30 on Friday, hitting $53.39. 942,009 shares of the company's stock traded hands, compared to its average volume of 1,346,695. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 0.86 and a beta of 0.77. The stock has a fifty day moving average of $52.47 and a 200-day moving average of $53.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last released 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. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.24%. KBR's dividend payout ratio is presently 22.07%.

Analyst Upgrades and Downgrades

KBR has been the subject of several recent analyst reports. Wall Street Zen cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Citigroup cut their price objective 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 dropped their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. KeyCorp boosted their price objective on shares of KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.57.

About KBR

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.