TD Private Client Wealth LLC Invests $259,000 in KBR, Inc. (NYSE:KBR)

TD Private Client Wealth LLC acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,465 shares of the construction company’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its stake in shares of KBR by 0.7% during the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock worth $262,185,000 after acquiring an additional 29,833 shares in the last quarter. Boston Partners boosted its holdings in KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after purchasing an additional 3,216,323 shares during the last quarter. Bank of New York Mellon Corp grew its position in KBR by 87.2% in 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 purchasing an additional 1,307,033 shares in the last quarter. Franklin Resources Inc. increased its stake in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after buying an additional 305,889 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in KBR by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock valued at $81,840,000 after buying an additional 62,880 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.08% of the stock is owned by corporate insiders.

KBR Stock Up 2.5 %

KBR opened at $51.36 on Tuesday. The stock’s fifty day simple moving average is $53.00 and its 200 day simple moving average is $59.46. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The stock has a market cap of $6.80 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. As a group, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $0.165 dividend. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. KBR’s dividend payout ratio is presently 23.57%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. KeyCorp decreased their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. TD Cowen decreased their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, KBR has a consensus rating of “Moderate Buy” and a consensus price target of $75.88.

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.