Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 18,064 KBR, Inc. (NYSE:KBR)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,064 shares of the construction company’s stock, valued at approximately $1,177,000.

Several other institutional investors have also recently modified their holdings of KBR. Jennison Associates LLC increased its position in KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after buying an additional 353,209 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of KBR by 34.6% during the third quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock valued at $3,620,000 after acquiring an additional 14,295 shares during the last quarter. Pier 88 Investment Partners LLC increased its position in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 10,420 shares in the last quarter. Victory Capital Management Inc. raised its stake in KBR by 85.1% in the 3rd quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock valued at $3,329,000 after purchasing an additional 23,491 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in KBR in the 3rd quarter valued at about $771,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Up 0.3 %

NYSE KBR opened at $61.59 on Wednesday. KBR, Inc. has a one year low of $50.45 and a one year high of $72.60. The company’s 50 day moving average price is $66.21 and its 200 day moving average price is $65.50. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.23 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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 the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

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

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of recent research reports. 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 report on Wednesday, October 30th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. Citigroup upped 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. Finally, KeyCorp raised their price target on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.14.

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.