ING Groep NV Has $1.49 Million Holdings in KBR, Inc. (NYSE:KBR)

ING Groep NV reduced its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 80.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,800 shares of the construction company's stock after selling 93,200 shares during the quarter. ING Groep NV's holdings in KBR were worth $1,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in KBR by 2,029.2% in the second 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 period. CWM LLC boosted its position in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after purchasing an additional 231 shares during the period. Quarry LP increased its position in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after buying an additional 673 shares during the period. Eastern Bank bought a new stake in KBR in the third quarter valued at $65,000. Finally, Fifth Third Bancorp boosted its holdings in shares of KBR by 17.5% during 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. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Down 0.9 %

NYSE KBR traded down $0.50 during trading on Monday, reaching $58.15. The company's stock had a trading volume of 3,210,625 shares, compared to its average volume of 1,159,143. The business has a 50-day moving average price of $66.43 and a 200-day moving average price of $65.81. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The stock has a market capitalization of $7.75 billion, a PE ratio of 24.64, a PEG ratio of 1.17 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.

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

KBR Announces Dividend

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 $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. KBR's payout ratio is 25.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen lowered shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. KeyCorp boosted 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 lifted their target price on KBR from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Citigroup raised their target price 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. Finally, UBS Group increased their price objective on shares of KBR from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.14.

About KBR

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.