Man Group plc Lowers Stake in KBR, Inc. (NYSE:KBR)

Man Group plc trimmed its stake in KBR, Inc. (NYSE:KBR) by 50.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,146 shares of the construction company’s stock after selling 201,900 shares during the quarter. Man Group plc’s holdings in KBR were worth $4,862,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KBR. Advisor Group Inc. boosted its stake in KBR by 74.5% during the 2nd quarter. Advisor Group Inc. now owns 2,834 shares of the construction company’s stock valued at $71,000 after purchasing an additional 1,210 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of KBR by 834.5% in the second quarter. Tower Research Capital LLC TRC now owns 7,607 shares of the construction company’s stock worth $190,000 after acquiring an additional 6,793 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of KBR by 7.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,697 shares of the construction company’s stock valued at $213,000 after purchasing an additional 637 shares during the last quarter. Enlightenment Research LLC purchased a new stake in KBR during the second quarter valued at approximately $216,000. Finally, Cim Investment Mangement Inc. purchased a new stake in shares of KBR in the 2nd quarter worth $231,000. Institutional investors own 99.62% of the company’s stock.

In other news, EVP Eileen Akerson sold 1,278 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $29.38, for a total value of $37,547.64. Following the sale, the executive vice president now owns 76,595 shares in the company, valued at $2,250,361.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.92% of the company’s stock.

Separately, Bank of America reissued a “buy” rating and set a $30.00 price target on shares of KBR in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.11.

Shares of KBR opened at $29.92 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.28 and a quick ratio of 1.28. The company’s fifty day moving average price is $28.51 and its 200-day moving average price is $25.63. The firm has a market capitalization of $4.20 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.43. KBR, Inc. has a 1-year low of $13.90 and a 1-year high of $30.56.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 30th. The construction company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. KBR had a return on equity of 12.77% and a net margin of 3.39%. As a group, research analysts anticipate that KBR, Inc. will post 1.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is presently 20.92%.

KBR Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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