South Street Advisors LLC Cuts Holdings in KBR, Inc. (NYSE:KBR)

South Street Advisors LLC cut its position in shares of KBR, Inc. (NYSE:KBR) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190,008 shares of the construction company’s stock after selling 2,515 shares during the quarter. KBR makes up about 1.7% of South Street Advisors LLC’s holdings, making the stock its 27th biggest position. South Street Advisors LLC owned approximately 0.14% of KBR worth $11,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in KBR in the third quarter valued at about $26,000. UMB Bank n.a. boosted its stake in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in KBR in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB purchased a new position in KBR in the fourth quarter valued at about $68,000. Finally, Venturi Wealth Management LLC boosted its stake in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after acquiring an additional 1,339 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KBR has been the topic of a number of research analyst reports. KeyCorp dropped their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and a consensus target price of $75.88.

KBR Stock Performance

KBR stock opened at $51.05 on Tuesday. The firm’s 50 day simple moving average is $53.73 and its 200 day simple moving average is $60.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $6.76 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60.

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

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. KBR’s dividend payout ratio is presently 23.57%.

About KBR

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.