Asset Management One Co. Ltd. Makes New Investment in KBR, Inc. (NYSE:KBR)

Asset Management One Co. Ltd. acquired a new stake in KBR, Inc. (NYSE:KBR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,595 shares of the construction company's stock, valued at approximately $1,928,000.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in KBR by 26.8% in the 3rd quarter. Van ECK Associates Corp now owns 663,233 shares of the construction company's stock worth $44,602,000 after buying an additional 140,213 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock worth $766,000 after acquiring an additional 335 shares during the period. Congress Asset Management Co. raised its holdings in shares of KBR by 16.5% during the third quarter. Congress Asset Management Co. now owns 191,277 shares of the construction company's stock worth $12,458,000 after purchasing an additional 27,092 shares during the last quarter. Diversify Wealth Management LLC lifted its position in KBR by 15.6% during the third quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company's stock valued at $410,000 after purchasing an additional 824 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in KBR in the third quarter valued at $221,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company's stock, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. DA Davidson lifted their price objective on KBR from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, October 25th. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. TD Cowen downgraded KBR from a "buy" rating to a "hold" rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. Citigroup raised their price objective on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, KeyCorp upped their target price on KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday. One 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.14.

KBR Stock Up 1.1 %

Shares of KBR traded up $0.78 during midday trading on Friday, reaching $71.59. The stock had a trading volume of 1,097,934 shares, compared to its average volume of 1,173,025. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.39 and a beta of 0.89. The company's fifty day simple moving average is $66.42 and its two-hundred day simple moving average is $65.78. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $71.94. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, December 13th. KBR's dividend payout ratio (DPR) is 25.21%.

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.