KBR, Inc. (NYSE:KBR) Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in KBR, Inc. (NYSE:KBR - Free Report) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,416,531 shares of the construction company's stock after acquiring an additional 305,889 shares during the period. Franklin Resources Inc. owned 1.81% of KBR worth $167,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in KBR. CWM LLC lifted its position in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after acquiring an additional 231 shares during the period. Blue Trust Inc. grew its position in KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company's stock valued at $93,000 after buying an additional 316 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in KBR by 7.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 43,721 shares of the construction company's stock valued at $2,804,000 after buying an additional 2,995 shares during the period. Fifth Third Bancorp raised its position in KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after buying an additional 179 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of KBR in the 2nd quarter worth $273,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. DA Davidson reiterated 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 downgraded KBR from a "buy" rating to a "hold" rating and set a $72.00 target price for the company. in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, KBR has an average rating of "Moderate Buy" and an average target price of $81.14.

KBR Stock Up 0.2 %

KBR stock traded up $0.12 during trading on Monday, reaching $58.59. The stock had a trading volume of 1,702,141 shares, compared to its average volume of 1,192,446. 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 firm has a fifty day moving average price of $64.76 and a 200 day moving average price of $64.89. The company has a market capitalization of $7.81 billion, a P/E ratio of 24.62, a PEG ratio of 1.18 and a beta of 0.84. KBR, Inc. has a 1-year low of $51.60 and a 1-year 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 earnings per share (EPS) 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 the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.75 EPS. KBR's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.02%. KBR's payout ratio is 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.