TimesSquare Capital Management LLC Grows Holdings in KBR, Inc. (NYSE:KBR)

TimesSquare Capital Management LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 60.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 549,366 shares of the construction company's stock after buying an additional 206,426 shares during the period. TimesSquare Capital Management LLC owned about 0.41% of KBR worth $35,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. D. E. Shaw & Co. Inc. boosted its position in KBR by 29.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock valued at $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP grew its stake in KBR by 37.1% in the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company's stock worth $120,423,000 after purchasing an additional 507,800 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in KBR by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company's stock worth $114,090,000 after purchasing an additional 113,140 shares during the period. Dimensional Fund Advisors LP raised its position in KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company's stock valued at $113,331,000 after purchasing an additional 196,693 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company's stock worth $93,431,000 after buying an additional 1,148,503 shares during the period. Institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of several research reports. DA Davidson lifted their price objective on KBR from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, October 25th. TD Cowen lowered 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. KeyCorp increased their price objective on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. Finally, Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $81.14.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares of the company's stock, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.08% of the company's stock.

KBR Stock Up 1.1 %

KBR stock traded up $0.78 during midday trading on Friday, reaching $71.59. The company's stock had a trading volume of 1,097,934 shares, compared to its average volume of 1,173,025. KBR, Inc. has a 52-week low of $50.45 and a 52-week high of $71.94. The stock has a market capitalization of $9.54 billion, a P/E ratio of 30.08, a PEG ratio of 1.39 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50-day simple moving average is $66.42 and its 200-day simple moving average is $65.77.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. On average, sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed 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. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 13th. KBR's payout ratio is 25.21%.

KBR 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.