Congress Asset Management Co. Purchases 26,008 Shares of KBR, Inc. (NYSE:KBR)

Congress Asset Management Co. boosted its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,285 shares of the construction company's stock after acquiring an additional 26,008 shares during the quarter. Congress Asset Management Co. owned 0.16% of KBR worth $12,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position 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 worth $262,185,000 after purchasing an additional 29,833 shares in the last quarter. Franklin Resources Inc. grew its stake in KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after buying an additional 305,889 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock worth $105,624,000 after buying an additional 353,209 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of KBR by 5.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company's stock valued at $81,840,000 after acquiring an additional 62,880 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of KBR by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock worth $51,099,000 after acquiring an additional 218,853 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Trading Down 1.8 %

NYSE:KBR traded down $0.91 on Thursday, hitting $50.72. 2,029,224 shares of the stock were exchanged, compared to its average volume of 1,324,440. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 0.88 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 52 week low of $49.96 and a 52 week high of $72.60. The company's 50-day moving average price is $56.50 and its 200 day moving average price is $62.10.

KBR Increases Dividend

The firm also recently disclosed 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 a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.30%. KBR's dividend payout ratio is currently 25.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price target on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. KeyCorp lowered their target price on KBR from $78.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. DA Davidson restated a "buy" rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Finally, TD Cowen dropped their target price on shares of 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 seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $78.00.

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.