Dai ichi Life Insurance Company Ltd Acquires Shares of 114,158 KBR, Inc. (NYSE:KBR)

Dai ichi Life Insurance Company Ltd bought a new stake in KBR, Inc. (NYSE:KBR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 114,158 shares of the construction company's stock, valued at approximately $7,435,000. Dai ichi Life Insurance Company Ltd owned 0.09% of KBR at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock valued at $77,000 after acquiring an additional 179 shares during the period. CWM LLC grew its stake in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after acquiring an additional 231 shares during the period. Blue Trust Inc. grew its stake in KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company's stock valued at $93,000 after acquiring an additional 316 shares during the period. Janney Montgomery Scott LLC grew its stake in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock valued at $766,000 after acquiring an additional 335 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of KBR by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company's stock worth $1,082,000 after buying an additional 422 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Up 0.2 %

KBR traded up $0.11 on Tuesday, hitting $61.54. 640,291 shares of the company were exchanged, compared to its average volume of 1,185,971. KBR, Inc. has a 12 month low of $50.45 and a 12 month high of $72.60. The company has a market cap of $8.20 billion, a PE ratio of 25.82, a PEG ratio of 1.23 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock's fifty day moving average is $66.21 and its 200-day moving average is $65.50.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%. KBR's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Equities research analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.97%. KBR's dividend payout ratio is 25.21%.

Analysts Set New Price Targets

Several research firms have recently weighed in on KBR. KeyCorp upped their price objective on KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. DA Davidson reaffirmed a "buy" rating and set a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. UBS Group upped their price objective on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. TD Cowen cut 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. Finally, StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.14.

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.