KBR, Inc. (NYSE:KBR) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lessened its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 91.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,220 shares of the construction company's stock after selling 46,765 shares during the quarter. Harbour Capital Advisors LLC's holdings in KBR were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in shares of KBR by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 15,605 shares of the construction company's stock worth $777,000 after buying an additional 410 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in KBR during the first quarter worth approximately $518,000. Janney Montgomery Scott LLC boosted its position in KBR by 476.2% during the first quarter. Janney Montgomery Scott LLC now owns 65,858 shares of the construction company's stock worth $3,280,000 after acquiring an additional 54,429 shares during the last quarter. Fifth Third Bancorp grew its stake in KBR by 25.2% in the 1st 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. Finally, GAMMA Investing LLC raised its holdings in KBR by 295.5% in 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. Institutional investors and hedge funds own 97.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup lowered their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a report on Tuesday, May 27th. Truist Financial dropped their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.57.

Insiders Place Their Bets

In other 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 now directly owns 802,361 shares in the company, valued at $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.11% of the stock is owned by company insiders.

KBR Trading Up 2.1%

KBR traded up $1.00 on Thursday, reaching $49.06. 1,396,596 shares of the company's stock were exchanged, compared to its average volume of 1,377,606. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.91 and a beta of 0.77. 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 twelve month low of $43.89 and a twelve month high of $72.60. The company's 50 day moving average is $52.58 and its 200-day moving average is $53.32.

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

KBR Dividend Announcement

The business 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio (DPR) 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.