M&T Bank Corp Has $1.51 Million Stake in KBR, Inc. (NYSE:KBR)

M&T Bank Corp trimmed its stake in KBR, Inc. (NYSE:KBR - Free Report) by 67.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 30,219 shares of the construction company's stock after selling 62,460 shares during the quarter. M&T Bank Corp's holdings in KBR were worth $1,506,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LRI Investments LLC acquired a new position in shares of KBR during the fourth quarter valued at $31,000. GAMMA Investing LLC grew its holdings in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new position in KBR during the first quarter worth about $47,000. UMB Bank n.a. grew its holdings in KBR by 146.9% during the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after acquiring an additional 780 shares during the period. Finally, Fifth Third Bancorp grew its holdings in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after acquiring an additional 275 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.11% of the company's stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of research analyst reports. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. Citigroup lowered their target price 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 lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a report on Tuesday, May 27th. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Finally, Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, KBR currently has a consensus rating of "Moderate Buy" and an average target price of $64.14.

KBR Trading Up 1.2%

Shares of NYSE:KBR traded up $0.54 during midday trading on Thursday, reaching $47.31. The company had a trading volume of 69,902 shares, compared to its average volume of 1,398,744. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.87 and a beta of 0.74. The company has a fifty day simple moving average of $51.12 and a two-hundred day simple moving average of $52.24.

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 for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company posted $0.77 EPS. KBR's revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a dividend of $0.165 per share. The ex-dividend date was Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 1.39%. KBR's payout ratio is presently 22.07%.

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.