PNC Financial Services Group Inc. reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 2.4% during the 4th quarter, Holdings Channel reports. The fund owned 51,416 shares of the construction company’s stock after selling 1,278 shares during the period. PNC Financial Services Group Inc.’s holdings in KBR were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBR. Oregon Public Employees Retirement Fund increased its stake in KBR by 1,450.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 855,408 shares of the construction company’s stock worth $56,000 after acquiring an additional 800,245 shares during the last quarter. Meeder Asset Management Inc. increased its stake in KBR by 333.2% during the fourth quarter. Meeder Asset Management Inc. now owns 10,505 shares of the construction company’s stock worth $161,000 after acquiring an additional 8,080 shares during the last quarter. PEAK6 Investments LLC bought a new stake in KBR during the third quarter worth approximately $211,000. Dupont Capital Management Corp bought a new stake in KBR during the fourth quarter worth approximately $233,000. Finally, Tower Research Capital LLC TRC increased its stake in KBR by 218.5% during the third quarter. Tower Research Capital LLC TRC now owns 12,821 shares of the construction company’s stock worth $271,000 after acquiring an additional 8,795 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors.

Shares of NYSE KBR opened at $19.05 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2.67 billion, a P/E ratio of 12.45, a PEG ratio of 1.35 and a beta of 1.46. KBR, Inc. has a 52-week low of $13.90 and a 52-week high of $22.22.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. KBR had a return on equity of 13.06% and a net margin of 5.72%. KBR’s quarterly revenue was up 43.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. Analysts anticipate that KBR, Inc. will post 1.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.68%. KBR’s dividend payout ratio is currently 20.92%.

A number of research analysts have recently commented on the company. TheStreet raised KBR from a “c+” rating to a “b” rating in a research note on Tuesday, January 22nd. Cowen set a $23.00 target price on KBR and gave the company a “hold” rating in a research note on Tuesday, February 26th. Zacks Investment Research cut KBR from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine raised KBR from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $22.00 target price on shares of KBR in a research note on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. KBR presently has a consensus rating of “Hold” and a consensus price target of $22.60.

In other KBR news, insider Farhan Mujib sold 2,496 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $20.00, for a total transaction of $49,920.00. Following the completion of the sale, the insider now owns 138,576 shares in the company, valued at $2,771,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Derbyshire sold 5,460 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $19.95, for a total value of $108,927.00. Following the sale, the insider now owns 74,570 shares of the company’s stock, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

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KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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