Schonfeld Strategic Advisors LLC Cuts Stock Position in KBR, Inc. (NYSE:KBR)

Schonfeld Strategic Advisors LLC decreased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 64.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,018 shares of the construction company's stock after selling 40,435 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in KBR were worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Boston Partners lifted its position in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after acquiring an additional 3,216,323 shares in the last quarter. Norges Bank bought a new position in shares of KBR during the fourth quarter valued at $104,033,000. Bank of New York Mellon Corp boosted its position in shares of KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock valued at $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP raised its position in KBR by 240.2% in the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after buying an additional 1,167,282 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in KBR in the 4th quarter worth about $47,022,000. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBR has been the subject of a number of research analyst reports. Truist Financial reduced their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group decreased their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. TD Cowen dropped their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. KeyCorp upped their price objective on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Citigroup dropped their target price on 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 eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.75.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value 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 $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.11% of the company's stock.

KBR Trading Up 0.5 %

Shares of KBR opened at $54.46 on Thursday. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a 50 day simple moving average of $50.78 and a two-hundred day simple moving average of $56.21. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $7.07 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $0.77 EPS. KBR's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is currently 23.57%.

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.

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