KBR, Inc. (NYSE:KBR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of KBR, Inc. (NYSE:KBR) by 85.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 51,109 shares of the construction company’s stock after acquiring an additional 23,491 shares during the period. Victory Capital Management Inc.’s holdings in KBR were worth $3,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of KBR by 17.5% during 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 lifted its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Blue Trust Inc. lifted its position in shares of KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after buying an additional 316 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after buying an additional 335 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of KBR by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Performance

NYSE:KBR opened at $61.76 on Friday. The firm’s fifty day simple moving average is $66.21 and its 200-day simple moving average is $65.55. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. KBR, Inc. has a fifty-two week low of $50.45 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The business 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 business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. Analysts expect that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. KBR’s dividend payout ratio is presently 25.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KBR. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report 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 research report on Thursday, November 7th. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

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.