Prescott Group Capital Management L.L.C. Sells 13,000 Shares of KBR, Inc. (NYSE:KBR)

Key Points

• Prescott Group Capital Management reduced its stake in KBR, Inc. by 14.4% during the first quarter, selling 13,000 shares and now owning about 0.06% of the company.
• KBR reported $0.98 earnings per share for the last quarter, surpassing analysts' expectations of $0.88, while the company’s revenue increased 13.0% year-over-year.
• The company announced a quarterly dividend of $0.165, which represents an annual yield of 1.40%, with a payout ratio of 22.07%.

Prescott Group Capital Management L.L.C. trimmed its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,500 shares of the construction company's stock after selling 13,000 shares during the period. Prescott Group Capital Management L.L.C. owned approximately 0.06% of KBR worth $3,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in KBR during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC increased its holdings in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after buying an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in KBR during the first quarter valued at approximately $47,000. UMB Bank n.a. increased 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 valued at $65,000 after buying an additional 780 shares during the last quarter. Finally, Fifth Third Bancorp increased 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 valued at $68,000 after buying an additional 275 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares of the company's stock, valued at $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on KBR. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup dropped their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.14.

KBR Price Performance

Shares of NYSE:KBR traded down $0.07 during midday trading on Tuesday, reaching $46.55. 508,221 shares of the company were exchanged, compared to its average volume of 1,520,352. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. The business's fifty day moving average is $49.72 and its two-hundred day moving average is $51.55. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The stock has a market cap of $6.04 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.90 and a beta of 0.74.

KBR (NYSE:KBR - Get Free Report) last issued its 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 analyst estimates of $2.09 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. KBR's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, June 13th. 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.