Pacific Capital Partners Ltd Buys New Stake in KBR, Inc. (NYSE:KBR)

Key Points

• Pacific Capital Partners Ltd acquired a new stake in KBR, Inc., purchasing 57,500 shares valued at approximately $2.86 million, making it the firm's 21st largest investment position.
• KBR's CEO, Stuart Bradie, sold 20,000 shares of the company stock for $1,056,200, reducing his total holdings to 802,361 shares, valued at over $42 million.
• KBR recently announced a quarterly dividend of $0.165 per share, reflecting an annualized yield of 1.42%, with a payout ratio of 22.07%.

Pacific Capital Partners Ltd bought a new position in KBR, Inc. (NYSE:KBR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 57,500 shares of the construction company's stock, valued at approximately $2,864,000. KBR accounts for approximately 1.8% of Pacific Capital Partners Ltd's investment portfolio, making the stock its 21st largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in KBR in the fourth quarter worth $31,000. GAMMA Investing LLC boosted its stake 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in KBR in the first quarter worth about $47,000. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 780 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of 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 buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.26 during trading on Friday, hitting $46.48. The company's stock had a trading volume of 2,488,664 shares, compared to its average volume of 1,548,117. The company has a 50-day moving average of $49.30 and a 200-day moving average of $51.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 0.87 and a beta of 0.74. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.99% and a return on equity of 32.55%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, June 13th. KBR's dividend payout ratio is currently 22.07%.

Analyst Ratings Changes

KBR has been the topic of several analyst reports. Stifel Nicolaus boosted their target price on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday. Truist Financial dropped their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Citigroup reduced their target price on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

Insider Transactions at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.11% of the company's stock.

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.