KBR, Inc. (NYSE:KBR) Holdings Cut by Royce & Associates LP

Royce & Associates LP decreased its stake in KBR, Inc. (NYSE:KBR) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 630,754 shares of the construction company’s stock after selling 12,785 shares during the quarter. Royce & Associates LP’s holdings in KBR were worth $36,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBR. State Street Corp raised its holdings in shares of KBR by 0.7% during the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of KBR by 5.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock valued at $81,840,000 after purchasing an additional 62,880 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $50.63 on Friday. 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 firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The company’s fifty day moving average is $53.86 and its two-hundred day moving average is $60.24. KBR, Inc. has a 52-week low of $47.16 and a 52-week high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.30%. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KBR. The Goldman Sachs Group cut their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Citigroup lowered their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, TD Cowen lowered their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.88.

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.