Bank of New York Mellon Corp Acquires 1,307,033 Shares of KBR, Inc. (NYSE:KBR)

Bank of New York Mellon Corp lifted its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,805,163 shares of the construction company's stock after buying an additional 1,307,033 shares during the quarter. Bank of New York Mellon Corp owned about 2.11% of KBR worth $162,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after acquiring an additional 175 shares in the last quarter. CIBC Asset Management Inc boosted its position in KBR by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after purchasing an additional 203 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in KBR by 1.5% in the 3rd 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 period. Janney Montgomery Scott LLC increased 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 valued at $766,000 after purchasing an additional 335 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of KBR in the 3rd quarter worth about $26,000. Institutional investors own 97.02% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup dropped their price target on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. DA Davidson restated a "buy" rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. KeyCorp lowered 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 dropped their price target on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

KBR Stock Performance

KBR traded up $1.70 during midday trading on Tuesday, hitting $50.01. 1,512,811 shares of the company traded hands, compared to its average volume of 1,615,186. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company's 50-day moving average is $55.15 and its 200 day moving average is $61.22. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The firm has a market capitalization of $6.62 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.165 dividend. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. KBR's dividend payout ratio (DPR) is presently 23.57%.

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.