Parallel Advisors LLC Grows Stock Position in KBR, Inc. (NYSE:KBR)

Parallel Advisors LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 8.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,562 shares of the construction company’s stock after purchasing an additional 1,217 shares during the quarter. Parallel Advisors LLC’s holdings in KBR were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hennessy Advisors Inc. purchased a new stake in shares of KBR during the 4th quarter valued at about $47,022,000. Proficio Capital Partners LLC purchased a new stake in shares of KBR during the 4th quarter valued at about $1,131,000. Franklin Resources Inc. increased its position in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares during the last quarter. Blue Trust Inc. increased its position in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock valued at $175,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of KBR during the 4th quarter valued at approximately $290,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

KBR Trading Up 0.8 %

KBR stock opened at $51.32 on Thursday. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. 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 company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 0.86 and a beta of 0.86. The business has a 50 day simple moving average of $53.47 and a two-hundred day simple moving average of $59.87.

KBR (NYSE:KBR) last posted its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Research analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal 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 dividend of $0.165 per share. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio is currently 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.