Harbour Capital Advisors LLC Sells 2,085 Shares of KBR, Inc. (NYSE:KBR)

Harbour Capital Advisors LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 50,985 shares of the construction company’s stock after selling 2,085 shares during the period. Harbour Capital Advisors LLC’s holdings in KBR were worth $3,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in KBR during the third quarter valued at approximately $26,000. Quarry LP raised its stake in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank acquired a new stake in shares of KBR in the 3rd quarter valued at approximately $65,000. Daiwa Securities Group Inc. bought a new position in shares of KBR in the third quarter valued at $111,000. Finally, Blue Trust Inc. increased its holdings in KBR by 32.2% during the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after buying an additional 469 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR traded up $0.80 during mid-day trading on Monday, reaching $59.14. The company had a trading volume of 381,461 shares, compared to its average volume of 1,066,295. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.16 and a beta of 0.85. The business’s 50-day simple moving average is $60.61 and its 200 day simple moving average is $64.03. KBR, Inc. has a one year low of $51.60 and a one year high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. On average, research analysts predict that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. TD Cowen cut their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp decreased their target price on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, KBR has an average rating of “Moderate Buy” and a consensus price target of $78.86.

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.