Pembroke Management LTD Sells 3,741 Shares of KBR, Inc. (NYSE:KBR)

Pembroke Management LTD lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 221,987 shares of the construction company’s stock after selling 3,741 shares during the period. KBR accounts for 1.9% of Pembroke Management LTD’s holdings, making the stock its 25th largest position. Pembroke Management LTD’s holdings in KBR were worth $14,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Qsemble Capital Management LP acquired a new stake in shares of KBR during the first quarter worth approximately $868,000. Boston Partners raised its position in KBR by 49.4% in the 1st quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after purchasing an additional 28,091 shares during the last quarter. Comerica Bank raised its position in KBR by 27.5% in the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after purchasing an additional 15,651 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in shares of KBR by 465.3% in the first quarter. Capstone Investment Advisors LLC now owns 21,080 shares of the construction company’s stock valued at $1,342,000 after buying an additional 17,351 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of KBR by 21.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 71,144 shares of the construction company’s stock valued at $4,529,000 after buying an additional 12,792 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Performance

KBR stock opened at $67.29 on Friday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $71.38. 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 cap of $8.97 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The business’s fifty day moving average is $66.29 and its 200-day moving average is $65.51.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. Equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. KBR’s dividend payout ratio (DPR) is 25.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KBR shares. Citigroup increased their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group increased their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson boosted their price objective on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. Finally, KeyCorp lifted their target price on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.88.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is currently owned by corporate insiders.

About KBR

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.