SG Americas Securities LLC Sells 100,247 Shares of KBR, Inc. (NYSE:KBR)

SG Americas Securities LLC decreased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 51.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 94,553 shares of the construction company's stock after selling 100,247 shares during the period. SG Americas Securities LLC owned 0.07% of KBR worth $4,710,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after acquiring an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of KBR during the 1st quarter valued at about $47,000. Cetera Trust Company N.A increased its holdings in shares of KBR by 5.6% during the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock valued at $188,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of KBR by 1,402.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company's stock valued at $68,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in KBR by 18.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 71,555 shares of the construction company's stock valued at $3,564,000 after buying an additional 11,241 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.30 during trading on Friday, hitting $53.39. 942,009 shares of the stock were exchanged, 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 company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. The company's fifty day simple moving average is $52.47 and its 200-day simple moving average is $53.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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

KBR Dividend Announcement

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

Analyst Ratings Changes

KBR has been the topic of a number of research analyst reports. Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Truist Financial lowered their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. 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. 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. Finally, KeyCorp raised their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus price target 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.