GSA Capital Partners LLP Buys New Stake in KBR, Inc. (NYSE:KBR)

GSA Capital Partners LLP purchased a new stake in shares of KBR, Inc. (NYSE:KBR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,841 shares of the construction company’s stock, valued at approximately $771,000.

Several other institutional investors have also bought and sold shares of KBR. Fifth Third Bancorp increased its holdings in shares of KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares during the last quarter. CWM LLC increased its stake in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the last quarter. Blue Trust Inc. raised its position in KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of KBR by 2.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of KBR by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after purchasing an additional 422 shares during the period. Institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. Citigroup raised their target price 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 lifted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. KeyCorp upped their price target on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.14.

KBR Trading Down 2.5 %

Shares of KBR opened at $58.65 on Monday. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The company has a 50-day moving average of $66.43 and a 200 day moving average of $65.81.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, research analysts expect that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is 25.21%.

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.