KBR, Inc. (NYSE:KBR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of KBR, Inc. (NYSE:KBR) by 0.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,684,936 shares of the construction company’s stock after selling 105,518 shares during the quarter. Vanguard Group Inc. owned 0.10% of KBR worth $631,837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in KBR in the fourth quarter valued at $31,000. GAMMA Investing LLC raised its position in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in KBR in the first quarter valued at $47,000. UMB Bank n.a. raised its position in KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company’s stock valued at $65,000 after purchasing an additional 780 shares during the period. Finally, Farther Finance Advisors LLC raised its position in KBR by 1,402.2% in the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock valued at $68,000 after purchasing an additional 1,276 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stuart Bradie sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the transaction, the chief executive officer directly owned 802,361 shares of the company’s stock, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KBR. Stifel Nicolaus lifted their target price on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. DA Davidson reduced their target price on KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, KeyCorp downgraded KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, KBR currently has a consensus rating of “Hold” and a consensus target price of $62.78.

KBR Price Performance

KBR stock opened at $50.47 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $6.50 billion, a PE ratio of 18.28, a P/E/G ratio of 1.00 and a beta of 0.76. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The business’s fifty day moving average price is $48.87 and its 200 day moving average price is $50.78.

KBR (NYSE:KBR) last released its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the firm posted $0.83 EPS. KBR’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

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.