KBR, Inc. (NYSE:KBR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of KBR, Inc. (NYSE:KBR) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 110,490 shares of the construction company’s stock after selling 2,941 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KBR were worth $6,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of KBR in the third quarter worth about $26,000. UMB Bank n.a. raised its holdings in KBR by 49.2% in the 4th 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 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of KBR during the 4th quarter worth approximately $68,000. Finally, Venturi Wealth Management LLC grew its position in shares of 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 purchasing an additional 1,339 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KBR. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Finally, KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

KBR Price Performance

Shares of KBR opened at $48.27 on Tuesday. The firm has a 50-day simple moving average of $55.15 and a two-hundred day simple moving average of $61.22. The stock has a market cap of $6.39 billion, a PE ratio of 20.28, a P/E/G ratio of 0.86 and a beta of 0.83. 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.

KBR (NYSE:KBR) last posted its earnings results 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 firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. As a group, analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. 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 annualized dividend and a yield of 1.37%. KBR’s dividend payout ratio is presently 23.57%.

KBR Company 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.