Verition Fund Management LLC Raises Stock Position in KBR, Inc. (NYSE:KBR)

Verition Fund Management LLC increased its position in KBR, Inc. (NYSE:KBR - Free Report) by 1,607.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,884 shares of the construction company's stock after acquiring an additional 85,562 shares during the period. Verition Fund Management LLC owned approximately 0.07% of KBR worth $5,919,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in KBR by 102.0% during the 3rd quarter. Captrust Financial Advisors now owns 10,976 shares of the construction company's stock worth $715,000 after acquiring an additional 5,543 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KBR by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,031 shares of the construction company's stock valued at $20,909,000 after buying an additional 11,064 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of KBR by 8.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,102 shares of the construction company's stock worth $2,026,000 after acquiring an additional 2,452 shares in the last quarter. FORA Capital LLC acquired a new position in shares of KBR during the 3rd quarter valued at about $337,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in KBR by 1.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company's stock worth $1,283,000 after purchasing an additional 300 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of analyst reports. StockNews.com cut 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 price target for the company. in a report on Friday, September 6th. Citigroup lifted their price objective on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. UBS Group raised their target price on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, DA Davidson reiterated a "buy" rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. 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.com, KBR has a consensus rating of "Moderate Buy" and a consensus target price of $81.14.

KBR Stock Down 0.3 %

Shares of KBR traded down $0.21 during mid-day trading on Tuesday, hitting $60.86. 1,147,279 shares of the company's stock were exchanged, compared to its average volume of 1,184,720. The company has a market cap of $8.11 billion, a PE ratio of 25.57, a P/E/G ratio of 1.21 and a beta of 0.84. KBR, Inc. has a 52 week low of $51.60 and a 52 week high of $72.60. The company has a 50-day simple moving average of $66.01 and a 200 day simple moving average of $65.33. 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 issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting analysts' consensus estimates of $0.84. The company had revenue of $1.95 billion for 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%. KBR's revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. On average, research analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, December 13th. KBR's 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.