KBR, Inc. (NYSE:KBR) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,011 shares of the construction company's stock after selling 42,637 shares during the quarter. Peregrine Capital Management LLC owned about 0.19% of KBR worth $13,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in shares of KBR during the second quarter valued at $27,000. Fred Alger Management LLC bought a new stake in KBR in the 3rd quarter worth about $36,000. CWM LLC increased its holdings in KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company's stock worth $48,000 after buying an additional 433 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in KBR by 35.5% in the 1st quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company's stock worth $48,000 after buying an additional 228 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in KBR in the 2nd quarter worth about $53,000. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Performance

NYSE:KBR traded down $0.12 on Tuesday, hitting $64.22. The stock had a trading volume of 1,296,848 shares, compared to its average volume of 1,333,121. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $65.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of -31.33, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. The business's 50-day simple moving average is $59.25 and its two-hundred day simple moving average is $56.53.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, meeting analysts' consensus estimates of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business's quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts predict that KBR, Inc. will post 3.2 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be given a dividend of $0.15 per share. This is a boost from KBR's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 14th. KBR's payout ratio is presently -29.27%.

Insider Activity

In related news, EVP Jennifer Myles sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now directly owns 38,524 shares of the company's stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KBR. Stifel Nicolaus reiterated a "buy" rating and issued a $80.00 price objective (up from $78.00) on shares of KBR in a report on Wednesday, March 13th. KeyCorp lifted their price objective on KBR from $63.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. UBS Group reduced their price objective on KBR from $65.00 to $63.00 and set a "buy" rating for the company in a report on Friday, February 2nd. Truist Financial raised their target price on KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Citigroup raised their target price on KBR from $62.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, January 26th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $72.29.

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.