Centiva Capital LP Buys 9,222 Shares of KBR, Inc. (NYSE:KBR)

Centiva Capital LP increased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 58.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,089 shares of the construction company's stock after acquiring an additional 9,222 shares during the period. Centiva Capital LP's holdings in KBR were worth $1,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KBR. True Wealth Design LLC acquired a new position in shares of KBR in the 3rd quarter valued at approximately $26,000. Larson Financial Group LLC raised its position in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC raised its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after acquiring an additional 231 shares in the last quarter. Quarry LP increased its position in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after buying an additional 673 shares during the period. Finally, Eastern Bank acquired a new stake in KBR in the third quarter worth $65,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Up 0.4 %

Shares of KBR traded up $0.26 during midday trading on Wednesday, reaching $61.12. 645,862 shares of the stock were exchanged, compared to its average volume of 1,182,418. 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 has a market cap of $8.14 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.21 and a beta of 0.84. The firm has a 50 day simple moving average of $65.93 and a 200-day simple moving average of $65.30. KBR, Inc. has a 12-month low of $51.60 and a 12-month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts' consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. Research analysts forecast that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The company 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 0.98%. The ex-dividend date of this dividend is Friday, December 13th. KBR's payout ratio is presently 25.21%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. DA Davidson reissued a "buy" rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. TD Cowen cut 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. UBS Group raised their target price on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, KeyCorp increased their price target on KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.14.

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.