Proficio Capital Partners LLC Invests $1.13 Million in KBR, Inc. (NYSE:KBR)

Proficio Capital Partners LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 19,522 shares of the construction company’s stock, valued at approximately $1,131,000.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of KBR during the 3rd quarter worth $26,000. UMB Bank n.a. raised its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of KBR during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR during the 4th quarter worth $68,000. Finally, Venturi Wealth Management LLC increased its position in shares of KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after purchasing an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on KBR shares. 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 report on Wednesday, January 8th. 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 report on Wednesday, February 26th. KeyCorp cut their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research report 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 report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, KBR presently has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Performance

NYSE KBR opened at $50.06 on Friday. The company has a market cap of $6.63 billion, a P/E ratio of 21.03, a P/E/G ratio of 0.86 and a beta of 0.86. 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 stock has a 50-day moving average of $53.32 and a two-hundred day moving average of $59.80. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60.

KBR (NYSE:KBR) last released 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. The company 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%. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 14th. 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 1.32%. KBR’s payout ratio is currently 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.