Connor Clark & Lunn Investment Management Ltd. Invests $1.18 Million in KBR, Inc. (NYSE:KBR)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,064 shares of the construction company's stock, valued at approximately $1,177,000.

A number of other hedge funds have also modified their holdings of the business. Jennison Associates LLC boosted its stake in 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 during the last quarter. Natixis Advisors LLC raised its holdings in shares of KBR by 34.6% during the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company's stock worth $3,620,000 after acquiring an additional 14,295 shares during the period. Pier 88 Investment Partners LLC boosted its position in shares of KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock valued at $3,303,000 after acquiring an additional 10,420 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of KBR by 85.1% in the third quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company's stock valued at $3,329,000 after purchasing an additional 23,491 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in KBR during the third quarter worth about $771,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KBR. 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. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. TD Cowen lowered KBR from a "buy" rating to a "hold" rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. Citigroup raised their price objective on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, KeyCorp upped their target price on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, KBR currently has an average rating of "Moderate Buy" and an average price target of $81.14.

KBR Trading Down 0.7 %

KBR stock traded down $0.41 during midday trading on Wednesday, reaching $61.18. 855,098 shares of the stock traded hands, compared to its average volume of 1,186,561. The firm has a market cap of $8.15 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a 50-day simple moving average of $66.20 and a two-hundred day simple moving average of $65.47. KBR, Inc. has a 12-month low of $50.45 and a 12-month high of $72.60.

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

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. 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 currently 25.21%.

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.