Stifel Financial Corp Cuts Position in KBR, Inc. (NYSE:KBR)

Stifel Financial Corp cut its position in KBR, Inc. (NYSE:KBR) by 21.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,575 shares of the construction company’s stock after selling 16,488 shares during the period. Stifel Financial Corp’s holdings in KBR were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KBR. Fifth Third Bancorp raised its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares in the last quarter. CWM LLC boosted its holdings 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 purchasing an additional 231 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in KBR by 1.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after purchasing an additional 300 shares during the last quarter. Blue Trust Inc. raised its holdings in 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, 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. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

NYSE KBR opened at $58.59 on Tuesday. The business has a 50 day moving average price of $64.76 and a 200 day moving average price of $64.89. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $7.81 billion, a P/E ratio of 24.62, a PEG ratio of 1.18 and a beta of 0.84. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. KBR’s dividend payout ratio is currently 25.21%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. KeyCorp upped their price objective on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. UBS Group increased their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup boosted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.