Charles Schwab Investment Management Inc. increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 842,016 shares of the construction company's stock after acquiring an additional 5,000 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of KBR worth $48,778,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock worth $766,000 after purchasing an additional 335 shares during the period. GSA Capital Partners LLP purchased a new position in KBR during the 3rd quarter worth $771,000. Victory Capital Management Inc. increased its holdings in KBR by 85.1% during the 3rd quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company's stock worth $3,329,000 after purchasing an additional 23,491 shares during the period. Natixis Advisors LLC increased its holdings in KBR by 34.6% during the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company's stock worth $3,620,000 after purchasing an additional 14,295 shares during the period. Finally, Jennison Associates LLC increased its holdings in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock worth $105,624,000 after purchasing an additional 353,209 shares during the period. 97.02% of the stock is owned by institutional investors.
KBR Stock Up 1.2 %
KBR stock traded up $0.62 on Friday, hitting $50.63. 1,456,148 shares of the company's stock were exchanged, compared to its average volume of 1,238,132. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The firm has a 50 day moving average price of $53.86 and a two-hundred day moving average price of $60.24. 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 has a market cap of $6.70 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.
KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. As a group, equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.
KBR Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $0.165 per share. 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 1.30%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.
Analyst Ratings Changes
Several research firms have commented on KBR. Citigroup reduced their price objective on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. DA Davidson reiterated a "buy" rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. The Goldman Sachs Group cut their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, KeyCorp cut their price target on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.88.
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KBR Profile
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Free Report)
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.
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