Citigroup Inc. Purchases 20,931 Shares of KBR, Inc. (NYSE:KBR)

Citigroup Inc. increased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 38.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,832 shares of the construction company's stock after acquiring an additional 20,931 shares during the period. Citigroup Inc. owned about 0.06% of KBR worth $4,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pier 88 Investment Partners LLC boosted its holdings in shares of KBR by 25.9% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock worth $3,303,000 after purchasing an additional 10,420 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in KBR in the third quarter worth approximately $771,000. Comerica Bank grew its position in KBR by 27.5% during the first quarter. Comerica Bank now owns 72,580 shares of the construction company's stock valued at $4,620,000 after acquiring an additional 15,651 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of KBR in the 3rd quarter worth approximately $1,928,000. Finally, Versor Investments LP bought a new stake in shares of KBR in the 3rd quarter worth approximately $1,954,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Down 0.3 %

KBR traded down $0.21 on Tuesday, hitting $60.86. The company had a trading volume of 1,147,279 shares, compared to its average volume of 1,184,720. KBR, Inc. has a 52-week low of $51.60 and a 52-week high of $72.60. The firm has a market capitalization of $8.11 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.21 and a beta of 0.84. The stock has a fifty day simple moving average of $66.01 and a 200-day simple moving average of $65.33. 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 issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. KBR's dividend payout ratio is currently 25.21%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KBR. UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. TD Cowen downgraded KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. KeyCorp raised their target price on shares of KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, DA Davidson reissued a "buy" rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.14.

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.