Alpha Windward LLC Purchases Shares of 26,040 KBR, Inc. (KBR)

Alpha Windward LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR) during the first quarter, Holdings Channel reports. The firm purchased 26,040 shares of the construction company’s stock, valued at approximately $497,000.

Several other large investors have also modified their holdings of the company. Retirement Systems of Alabama lifted its holdings in shares of KBR by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 182,654 shares of the construction company’s stock worth $2,773,000 after purchasing an additional 828 shares during the period. Neuburgh Advisers LLC lifted its holdings in shares of KBR by 5.3% during the fourth quarter. Neuburgh Advisers LLC now owns 17,006 shares of the construction company’s stock worth $258,000 after purchasing an additional 858 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in KBR by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,351 shares of the construction company’s stock valued at $855,000 after buying an additional 1,188 shares during the period. Arizona State Retirement System lifted its holdings in KBR by 1.2% in the fourth quarter. Arizona State Retirement System now owns 101,114 shares of the construction company’s stock valued at $1,535,000 after buying an additional 1,211 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in KBR by 5.3% in the fourth quarter. Flinton Capital Management LLC now owns 26,282 shares of the construction company’s stock valued at $399,000 after buying an additional 1,326 shares during the period. Institutional investors own 97.74% of the company’s stock.

In other news, insider Farhan Mujib sold 2,496 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $20.00, for a total transaction of $49,920.00. Following the transaction, the insider now owns 138,576 shares in the company, valued at $2,771,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Derbyshire sold 5,460 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $19.95, for a total transaction of $108,927.00. Following the transaction, the insider now owns 74,570 shares in the company, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on the stock. TheStreet lowered shares of KBR from a “b” rating to a “c+” rating in a report on Monday, March 25th. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, April 2nd. Cowen set a $23.00 target price on shares of KBR and gave the company a “hold” rating in a report on Tuesday, February 26th. ValuEngine upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Drexel Hamilton restated a “buy” rating and issued a $22.00 target price on shares of KBR in a report on Wednesday, February 27th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $22.90.

KBR stock traded up $0.30 during midday trading on Tuesday, hitting $21.04. The stock had a trading volume of 121,988 shares, compared to its average volume of 1,027,167. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.43 and a beta of 1.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. KBR, Inc. has a 1-year low of $13.90 and a 1-year high of $22.22.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. KBR had a net margin of 5.72% and a return on equity of 13.06%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. Research analysts expect that KBR, Inc. will post 1.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. KBR’s dividend payout ratio is currently 20.92%.

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About KBR

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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