State Street Corp Increases Position in KBR, Inc. (NYSE:KBR)

State Street Corp raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,016,324 shares of the construction company's stock after purchasing an additional 29,833 shares during the period. State Street Corp owned about 3.01% of KBR worth $262,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of KBR in the third quarter valued at approximately $26,000. Larson Financial Group LLC grew its holdings in KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after buying an additional 487 shares during the last quarter. CWM LLC increased its position in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after buying an additional 231 shares in the last quarter. Quarry LP raised its holdings in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after acquiring an additional 673 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of KBR in the third quarter valued at $65,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson reissued a "buy" rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. TD Cowen cut 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. Citigroup raised their price objective on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their target price on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, KBR has an average rating of "Moderate Buy" and an average target price of $81.14.

KBR Trading Up 0.1 %

KBR stock traded up $0.07 during midday trading on Wednesday, reaching $59.32. 2,067,501 shares of the company's stock traded hands, compared to its average volume of 1,190,844. KBR, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $72.60. The business has a 50-day moving average price of $65.43 and a two-hundred day moving average price of $65.07. The company has a market capitalization of $7.90 billion, a P/E ratio of 24.91, a PEG ratio of 1.18 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting 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 net margin of 4.35% and a return on equity of 28.87%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. Equities research analysts forecast that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, December 13th. KBR's dividend payout ratio is presently 25.21%.

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.