Nisa Investment Advisors LLC Cuts Stock Position in KBR, Inc. (NYSE:KBR)

Nisa Investment Advisors LLC trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,045 shares of the construction company’s stock after selling 600 shares during the period. Nisa Investment Advisors LLC’s holdings in KBR were worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares during the period. CWM LLC raised its stake in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the period. Quarry LP boosted its stake in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the period. Eastern Bank acquired a new stake in KBR during the 3rd quarter valued at $65,000. Finally, Fifth Third Bancorp increased its stake in 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 period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson raised their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp lifted their price target on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, UBS Group increased their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.88.

KBR Stock Down 1.9 %

NYSE:KBR opened at $67.01 on Friday. The firm has a market capitalization of $8.93 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $71.38. 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 stock has a 50 day moving average of $66.29 and a 200-day moving average of $65.47.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Analysts predict that KBR, Inc. will post 3.25 EPS for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is currently 25.21%.

KBR 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.