Ieq Capital LLC Increases Stake in KBR, Inc. (NYSE:KBR)

Ieq Capital LLC boosted its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 129.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,005 shares of the construction company's stock after buying an additional 6,784 shares during the quarter. Ieq Capital LLC's holdings in KBR were worth $695,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. TimesSquare Capital Management LLC boosted its position in shares of KBR by 4.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 574,564 shares of the construction company's stock worth $33,284,000 after purchasing an additional 25,198 shares during the period. Pembroke Management LTD boosted its position in shares of KBR by 1.4% in the fourth quarter. Pembroke Management LTD now owns 225,066 shares of the construction company's stock worth $13,038,000 after purchasing an additional 3,079 shares during the period. Peregrine Capital Management LLC boosted its position in shares of KBR by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 232,869 shares of the construction company's stock worth $13,490,000 after purchasing an additional 4,095 shares during the period. Venturi Wealth Management LLC boosted its position in shares of KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares during the period. Finally, Pinnbrook Capital Management LP bought a new position in shares of KBR in the fourth quarter worth approximately $3,527,000. 97.02% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday. DA Davidson reissued a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Citigroup lowered their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $75.88.

KBR Price Performance

KBR stock traded up $0.73 during mid-day trading on Friday, reaching $49.02. 2,096,291 shares of the company's stock traded hands, compared to its average volume of 1,601,523. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.86 and a beta of 0.83. The stock has a 50 day moving average of $55.33 and a two-hundred day moving average of $61.40. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. KBR's dividend payout ratio is presently 23.57%.

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.