Pinnbrook Capital Management LP Sells 34,203 Shares of KBR, Inc. (NYSE:KBR)

Pinnbrook Capital Management LP lessened its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 48.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,973 shares of the construction company's stock after selling 34,203 shares during the quarter. Pinnbrook Capital Management LP's holdings in KBR were worth $2,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System boosted its stake in shares of KBR by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company's stock valued at $1,796,000 after purchasing an additional 200 shares in the last quarter. Prosperity Financial Group Inc. boosted its stake in shares of KBR by 5.3% in the 3rd quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company's stock valued at $251,000 after purchasing an additional 215 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of KBR by 35.5% in the 1st quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company's stock valued at $48,000 after purchasing an additional 228 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of KBR by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company's stock valued at $1,125,000 after purchasing an additional 260 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in KBR by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company's stock worth $739,000 after buying an additional 267 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Down 0.9 %

NYSE:KBR traded down $0.59 during trading hours on Monday, reaching $64.34. 1,084,602 shares of the stock were exchanged, compared to its average volume of 1,333,664. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $65.87. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day moving average of $59.03 and a 200 day moving average of $56.49. The stock has a market cap of $8.66 billion, a PE ratio of -31.39, a PEG ratio of 1.37 and a beta of 0.95.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities analysts expect that KBR, Inc. will post 3.2 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.15 per share. This is an increase from KBR's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.93%. KBR's dividend payout ratio (DPR) is currently -29.27%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KBR shares. Stifel Nicolaus reiterated a "buy" rating and set a $80.00 price target (up previously from $78.00) on shares of KBR in a research report on Wednesday, March 13th. StockNews.com upgraded shares of KBR from a "hold" rating to a "buy" rating in a research report on Wednesday, March 20th. UBS Group reduced their price target on shares of KBR from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. Citigroup boosted their price objective on KBR from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, January 26th. Finally, Truist Financial reissued a "buy" rating and set a $72.00 price objective on shares of KBR in a report on Wednesday, March 13th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR currently has a consensus rating of "Buy" and a consensus price target of $69.71.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the sale, the executive vice president now owns 38,524 shares of the company's stock, valued at approximately $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.03% of the company's stock.

About KBR

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.

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