Sequoia Financial Advisors LLC Buys 2,592 Shares of KBR, Inc. (NYSE:KBR)

Sequoia Financial Advisors LLC boosted its stake in KBR, Inc. (NYSE:KBR) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,774 shares of the construction company’s stock after purchasing an additional 2,592 shares during the period. Sequoia Financial Advisors LLC’s holdings in KBR were worth $2,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KBR. Bank of New York Mellon Corp lifted its stake in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after purchasing an additional 1,307,033 shares during the last quarter. Hennessy Advisors Inc. bought a new position in KBR in the 4th quarter valued at approximately $47,022,000. Jennison Associates LLC raised its stake in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock valued at $51,099,000 after acquiring an additional 218,853 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR opened at $50.63 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $6.70 billion, a PE ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The firm has a fifty day simple moving average of $53.86 and a 200 day simple moving average of $60.29. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Analyst Upgrades and Downgrades

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

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.