Proficio Capital Partners LLC Buys Shares of 19,522 KBR, Inc. (NYSE:KBR)

Proficio Capital Partners LLC bought a new stake in KBR, Inc. (NYSE:KBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,522 shares of the construction company’s stock, valued at approximately $1,131,000.

A number of other institutional investors also recently bought and sold shares of KBR. Wealth Enhancement Advisory Services LLC bought a new position in KBR in the third quarter valued at about $297,000. Janney Montgomery Scott LLC lifted its holdings in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after acquiring an additional 335 shares during the period. Asset Management One Co. Ltd. bought a new position in KBR in the third quarter valued at about $1,928,000. Kornitzer Capital Management Inc. KS lifted its holdings in KBR by 15.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 158,925 shares of the construction company’s stock valued at $10,351,000 after acquiring an additional 20,925 shares during the period. Finally, Portside Wealth Group LLC bought a new position in KBR in the third quarter valued at about $200,000. Institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of recent research reports. DA Davidson reissued a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. TD Cowen decreased 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. The Goldman Sachs Group decreased their price objective on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, KeyCorp decreased their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Up 3.7 %

Shares of KBR opened at $51.91 on Friday. The business’s 50 day moving average is $54.70 and its 200 day moving average is $60.96. The company has a market capitalization of $6.88 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for 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%. Research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is currently 23.57%.

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.