Jefferies Financial Group Inc. Lowers Stock Holdings in KBR, Inc. (NYSE:KBR)

Jefferies Financial Group Inc. lessened its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 89.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,600 shares of the construction company's stock after selling 124,600 shares during the quarter. Jefferies Financial Group Inc.'s holdings in KBR were worth $846,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KBR. LRI Investments LLC acquired a new position in shares of KBR in the 4th quarter valued at $31,000. First Horizon Advisors Inc. purchased a new position in KBR during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in KBR in the fourth quarter valued at $68,000. Venturi Wealth Management LLC increased its stake in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after purchasing an additional 1,339 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of KBR in the fourth quarter valued at about $104,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KBR has been the subject of several analyst reports. Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup cut their price target on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research report on Tuesday. Finally, 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 note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.57.

KBR Price Performance

Shares of NYSE KBR traded up $0.76 during trading on Friday, hitting $52.19. 1,445,305 shares of the company were exchanged, compared to its average volume of 1,340,735. The firm's fifty day moving average price is $51.89 and its 200 day moving average price is $54.44. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 0.86 and a beta of 0.83. 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 released its quarterly earnings data 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

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

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.