Point72 Asia Singapore Pte. Ltd. Acquires New Holdings in KBR, Inc. (NYSE:KBR)

Point72 Asia Singapore Pte. Ltd. bought a new position in KBR, Inc. (NYSE:KBR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,567 shares of the construction company’s stock, valued at approximately $165,000.

Several other hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its position 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 boosted its stake in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after acquiring an additional 231 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in KBR by 0.5% in the first quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after purchasing an additional 265 shares during the last quarter. Blue Trust Inc. increased its position in shares of KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of KBR during the 1st quarter valued at $25,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KBR shares. StockNews.com raised KBR from a “buy” rating to a “strong-buy” rating in a report on Saturday. DA Davidson reiterated a “buy” rating and issued a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $75.50.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $64.17 on Friday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $69.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The company has a market cap of $8.62 billion, a PE ratio of -33.42, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90. The company’s 50 day moving average is $65.18 and its 200 day moving average is $64.54.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, sell-side analysts forecast that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

About KBR

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.