Vanguard Group Inc. Sells 105,518 Shares of KBR, Inc. $KBR

Vanguard Group Inc. decreased its position in KBR, Inc. (NYSE:KBR - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 12,684,936 shares of the construction company's stock after selling 105,518 shares during the period. Vanguard Group Inc. owned about 9.78% of KBR worth $631,837,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. boosted its stake in shares of KBR by 10.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock worth $128,517,000 after acquiring an additional 218,327 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of KBR by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock valued at $126,452,000 after acquiring an additional 130,535 shares during the period. Wolf Hill Capital Management LP grew its stake in KBR by 7.3% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,621,297 shares of the construction company's stock worth $93,922,000 after buying an additional 110,681 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after acquiring an additional 1,018,539 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of KBR by 23.2% during the 4th quarter. Northern Trust Corp now owns 1,208,302 shares of the construction company's stock worth $69,997,000 after buying an additional 227,251 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research note on Tuesday, May 27th. Citigroup reduced their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. DA Davidson lowered their price objective on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.78.

KBR Stock Performance

NYSE:KBR traded up $0.44 during trading hours on Monday, reaching $50.04. The stock had a trading volume of 179,979 shares, compared to its average volume of 1,543,277. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day simple moving average of $48.74 and a 200 day simple moving average of $50.65. The stock has a market cap of $6.45 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76.

KBR (NYSE:KBR - Get Free Report) last announced 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. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. On average, research analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

Insider Activity at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 802,361 shares in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.