KBR, Inc. (NYSE:KBR) Shares Bought by CX Institutional

CX Institutional lifted its position in KBR, Inc. (NYSE:KBR) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,250 shares of the construction company’s stock after acquiring an additional 1,100 shares during the period. CX Institutional’s holdings in KBR were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KBR. Vanguard Group Inc. grew its position in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after acquiring an additional 52,679 shares in the last quarter. Rise Advisors LLC acquired a new position in KBR during the 1st quarter valued at approximately $25,000. Congress Asset Management Co. MA boosted its position in KBR by 38.0% during the 1st quarter. Congress Asset Management Co. MA now owns 134,475 shares of the construction company’s stock valued at $8,561,000 after purchasing an additional 37,034 shares during the period. CIC Wealth LLC acquired a new position in KBR during the 1st quarter valued at approximately $509,000. Finally, Harbour Capital Advisors LLC boosted its position in KBR by 0.5% during the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on KBR. KeyCorp boosted their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and an average price target of $76.75.

KBR Stock Up 1.2 %

Shares of KBR stock opened at $68.67 on Thursday. The business’s fifty day moving average price is $65.65 and its two-hundred day moving average price is $65.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $9.22 billion, a P/E ratio of -35.77, a PEG ratio of 1.40 and a beta of 0.90. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $69.77.

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

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Monday, September 16th. KBR’s dividend payout ratio is presently -31.25%.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.08% of the company’s stock.

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.