Natixis Advisors L.P. Decreases Holdings in KBR, Inc. (NYSE:KBR)

Natixis Advisors L.P. decreased its position in KBR, Inc. (NYSE:KBR - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,549 shares of the construction company's stock after selling 12,452 shares during the quarter. Natixis Advisors L.P.'s holdings in KBR were worth $1,249,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KBR. Raymond James Financial Services Advisors Inc. grew its holdings in KBR by 3.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,071 shares of the construction company's stock worth $770,000 after acquiring an additional 450 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in KBR by 34.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,159 shares of the construction company's stock worth $1,247,000 after acquiring an additional 5,411 shares during the last quarter. Alaska Permanent Fund Corp bought a new stake in KBR during the 3rd quarter worth about $346,000. Congress Asset Management Co. MA grew its holdings in KBR by 26.5% during the 3rd quarter. Congress Asset Management Co. MA now owns 73,907 shares of the construction company's stock worth $4,356,000 after acquiring an additional 15,498 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in KBR by 45.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,043 shares of the construction company's stock worth $1,181,000 after acquiring an additional 6,290 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on KBR. Stifel Nicolaus increased their price objective on shares of KBR from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, May 9th. StockNews.com upgraded shares of KBR from a "hold" rating to a "buy" rating in a research report on Wednesday, March 20th. Citigroup upped their target price on shares of KBR from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. DA Davidson upped their target price on shares of KBR from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, UBS Group upped their target price on shares of KBR from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $76.00.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.08% of the company's stock.

KBR Trading Down 0.1 %

Shares of NYSE:KBR traded down $0.07 during mid-day trading on Thursday, reaching $65.86. The stock had a trading volume of 1,141,375 shares, compared to its average volume of 1,307,579. The firm has a market cap of $8.84 billion, a PE ratio of -34.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. The firm has a 50 day simple moving average of $63.66 and a two-hundred day simple moving average of $57.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $68.68.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. KBR's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. On average, research analysts predict that KBR, Inc. will post 3.21 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a dividend of $0.15 per share. This is an increase from KBR's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. KBR's dividend payout ratio (DPR) is -31.25%.

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.