Tidal Investments LLC Makes New $200,000 Investment in KBR, Inc. (NYSE:KBR)

Tidal Investments LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,076 shares of the construction company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in KBR by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after buying an additional 113,140 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in KBR by 29.9% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 296,359 shares of the construction company’s stock valued at $19,008,000 after buying an additional 68,250 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of KBR during the second quarter worth $1,732,000. Van ECK Associates Corp grew its stake in KBR by 85.2% during the second quarter. Van ECK Associates Corp now owns 523,020 shares of the construction company’s stock valued at $33,547,000 after acquiring an additional 240,677 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of KBR by 88.9% during the 2nd quarter. Natixis Advisors LLC now owns 41,289 shares of the construction company’s stock valued at $2,648,000 after purchasing an additional 19,430 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Performance

Shares of KBR stock opened at $57.23 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $7.63 billion, a PE ratio of 24.05, a P/E/G ratio of 1.18 and a beta of 0.84. The company has a 50-day simple moving average of $63.13 and a two-hundred day simple moving average of $64.55. KBR, Inc. has a one year low of $51.60 and a one year high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%. KBR’s payout ratio is 25.21%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KBR shares. DA Davidson restated a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. KeyCorp increased their price objective on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. 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 note on Friday, September 6th. Citigroup raised their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.14.

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.