Intech Investment Management LLC Has $2.85 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Intech Investment Management LLC raised its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 60.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,805 shares of the construction company's stock after purchasing an additional 16,490 shares during the quarter. Intech Investment Management LLC's holdings in KBR were worth $2,853,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBR. Larson Financial Group LLC lifted its holdings in KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC boosted its stake in shares of 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 in the last quarter. Quarry LP raised its position in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after purchasing an additional 673 shares during the period. Eastern Bank acquired a new position in shares of KBR in the 3rd quarter valued at $65,000. Finally, Fifth Third Bancorp increased its stake in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of recent analyst reports. TD Cowen lowered shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. UBS Group raised 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. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. KeyCorp raised their price target on shares of KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Citigroup upped their price objective on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.14.

KBR Stock Up 2.5 %

KBR stock traded up $1.53 during trading hours on Friday, hitting $61.76. The company's stock had a trading volume of 2,418,013 shares, compared to its average volume of 1,899,209. The company has a market capitalization of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. The stock has a 50 day moving average price of $66.21 and a two-hundred day moving average price of $65.54. 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 $50.45 and a 12 month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The business's quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. 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.