Aigen Investment Management LP Makes New $819,000 Investment in KBR, Inc. (NYSE:KBR)

Aigen Investment Management LP purchased a new position in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 14,139 shares of the construction company’s stock, valued at approximately $819,000.

Other hedge funds also recently made changes to their positions in the company. Pier 88 Investment Partners LLC increased its stake in shares of KBR by 25.9% in the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of KBR in the fourth quarter worth $47,022,000. GSA Capital Partners LLP purchased a new position in shares of KBR in the third quarter worth $771,000. Franklin Resources Inc. increased its stake in shares of KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after buying an additional 305,889 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after buying an additional 1,095 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on KBR shares. KeyCorp decreased their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group decreased their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. Citigroup cut their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $75.88.

KBR Stock Performance

Shares of KBR stock opened at $49.99 on Friday. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. The stock has a market cap of $6.62 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company’s fifty day moving average price is $54.85 and its 200-day moving average price is $61.03.

KBR (NYSE:KBR) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. On average, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is 23.57%.

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.