Sequoia Financial Advisors LLC Invests $886,000 in KBR, Inc. (NYSE:KBR)

Sequoia Financial Advisors LLC acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 15,994 shares of the construction company's stock, valued at approximately $886,000.

A number of other institutional investors have also added to or reduced their stakes in KBR. Fred Alger Management LLC purchased a new position in KBR during the third quarter worth $36,000. CWM LLC lifted its position in shares of KBR by 113.6% during the third quarter. CWM LLC now owns 814 shares of the construction company's stock worth $48,000 after purchasing an additional 433 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of KBR by 35.5% during the first quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company's stock worth $48,000 after purchasing an additional 228 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of KBR during the second quarter worth $53,000. Finally, International Assets Investment Management LLC bought a new stake in shares of KBR during the fourth quarter worth $64,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KBR. Citigroup lifted their price objective on KBR from $62.00 to $67.00 and gave the company a "buy" rating in a report on Friday, January 26th. KeyCorp boosted their target price on shares of 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 target price on shares of KBR from $65.00 to $63.00 and set a "buy" rating for the company in a report on Friday, February 2nd. StockNews.com upgraded shares of KBR from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $80.00 target price (up from $78.00) on shares of KBR in a report on Wednesday, March 13th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $72.29.

KBR Stock Performance

NYSE KBR traded down $1.09 during trading hours on Monday, reaching $61.65. The stock had a trading volume of 1,150,164 shares, compared to its average volume of 1,323,609. The stock has a market cap of $8.30 billion, a P/E ratio of -30.07, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $65.87. The stock has a fifty day moving average of $60.07 and a 200 day moving average of $56.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05.

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

KBR Increases Dividend

The firm also recently announced 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 positive change from KBR's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. KBR's dividend payout ratio (DPR) is -29.27%.

Insider Activity

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 value of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, 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 1.08% 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.