Garnet Equity Capital Holdings Inc. Purchases 20,800 Shares of KBR, Inc. (NYSE:KBR)

Garnet Equity Capital Holdings Inc. boosted its holdings in shares of KBR, Inc. (NYSE:KBR) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,175 shares of the construction company’s stock after acquiring an additional 20,800 shares during the period. KBR comprises 3.6% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 5th largest holding. Garnet Equity Capital Holdings Inc. owned approximately 0.15% of KBR worth $11,535,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Schonfeld Strategic Advisors LLC boosted its holdings in shares of KBR by 1,313.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock valued at $27,294,000 after purchasing an additional 430,318 shares during the last quarter. Qube Research & Technologies Ltd grew its position in KBR by 344.6% during the third quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock valued at $32,155,000 after acquiring an additional 422,856 shares during the period. Jennison Associates LLC increased its stake in KBR by 29.9% during the third quarter. Jennison Associates LLC now owns 1,426,862 shares of the construction company’s stock worth $84,099,000 after acquiring an additional 328,009 shares during the last quarter. PointState Capital LP raised its holdings in shares of KBR by 34.0% in the 3rd quarter. PointState Capital LP now owns 708,487 shares of the construction company’s stock worth $41,758,000 after purchasing an additional 179,831 shares during the period. Finally, Atika Capital Management LLC lifted its stake in shares of KBR by 277.0% in the 3rd quarter. Atika Capital Management LLC now owns 230,000 shares of the construction company’s stock valued at $13,556,000 after purchasing an additional 169,000 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale 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 company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on KBR shares. DA Davidson increased their target price on shares of KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. UBS Group reduced their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. KeyCorp raised their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR presently has a consensus rating of “Buy” and a consensus target price of $73.86.

KBR Price Performance

Shares of KBR stock traded up $0.95 during midday trading on Thursday, hitting $66.51. 1,332,876 shares of the company were exchanged, compared to its average volume of 1,322,923. The firm has a market cap of $8.96 billion, a P/E ratio of -34.15, a PEG ratio of 1.37 and a beta of 0.92. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $66.61. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $62.29 and a 200-day simple moving average of $57.01.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Research analysts forecast that KBR, Inc. will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s dividend payout ratio is currently -31.25%.

KBR Company 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.