Algert Global LLC Raises Holdings in KBR, Inc. (NYSE:KBR)

Algert Global LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 82.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,019 shares of the construction company's stock after buying an additional 47,920 shares during the period. Algert Global LLC owned about 0.08% of KBR worth $6,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC increased its stake in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock worth $33,000 after buying an additional 487 shares during the period. CWM LLC increased its position in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after acquiring an additional 231 shares during the period. Quarry LP raised its stake in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after acquiring an additional 673 shares during the last quarter. Eastern Bank purchased a new stake in shares of KBR during the third quarter worth about $65,000. Finally, Fifth Third Bancorp grew its stake in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after purchasing an additional 179 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Stock Up 2.5 %

Shares of NYSE:KBR traded up $1.53 during midday trading on Friday, reaching $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 quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a 50 day moving average of $66.21 and a 200-day moving average of $65.55. The firm has a market capitalization of $8.23 billion, a P/E ratio of 25.95, a PEG ratio of 1.20 and a beta of 0.89. 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 announced its 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. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders 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 dividend yield of 0.97%. KBR's dividend payout ratio is currently 25.21%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. TD Cowen lowered KBR from a "buy" rating to a "hold" rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. KeyCorp boosted their price objective on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Citigroup upped their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, DA Davidson reaffirmed a "buy" rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.14.

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.