Jefferies Financial Group Inc. Sells 124,600 Shares of KBR, Inc. (NYSE:KBR)

Jefferies Financial Group Inc. lowered its stake in KBR, Inc. (NYSE:KBR - Free Report) by 89.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,600 shares of the construction company's stock after selling 124,600 shares during the quarter. Jefferies Financial Group Inc.'s holdings in KBR were worth $846,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. raised its position in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. Utah Retirement Systems boosted its stake in KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after acquiring an additional 200 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after buying an additional 203 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in KBR by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock valued at $3,390,000 after buying an additional 360 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in KBR by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock worth $570,000 after purchasing an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

NYSE KBR traded down $0.65 during trading hours on Monday, hitting $55.47. 893,987 shares of the company's stock traded hands, compared to its average volume of 1,319,841. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The business's fifty day moving average price is $51.54 and its two-hundred day moving average price is $55.44. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $7.20 billion, a P/E ratio of 23.31, a P/E/G ratio of 0.86 and a beta of 0.83.

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

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.19%. KBR's payout ratio is 22.07%.

Analysts Set New Price Targets

KBR has been the topic of several recent analyst reports. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. KeyCorp lifted their price target on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Citigroup lowered their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $68.86.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.