Systematic Financial Management LP Has $50.92 Million Stock Position in KBR, Inc. (NYSE:KBR)

Systematic Financial Management LP increased its position in KBR, Inc. (NYSE:KBR - Free Report) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 781,777 shares of the construction company's stock after buying an additional 55,666 shares during the quarter. KBR accounts for approximately 1.3% of Systematic Financial Management LP's investment portfolio, making the stock its 7th largest position. Systematic Financial Management LP owned approximately 0.59% of KBR worth $50,917,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Empyrean Capital Partners LP bought a new stake in KBR in the second quarter valued at approximately $47,274,000. D. E. Shaw & Co. Inc. increased its position in shares of KBR by 29.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock worth $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP raised its stake in KBR by 37.1% during 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 buying an additional 507,800 shares during the last quarter. Jennison Associates LLC lifted its holdings in KBR by 27.8% in the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock valued at $105,624,000 after buying an additional 353,209 shares during the period. Finally, Davidson Kempner Capital Management LP boosted its position in KBR by 913.1% during the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company's stock valued at $19,175,000 after acquiring an additional 269,448 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Down 1.0 %

NYSE KBR traded down $0.63 on Thursday, reaching $60.52. The company had a trading volume of 600,116 shares, compared to its average volume of 1,179,246. KBR, Inc. has a 52-week low of $51.60 and a 52-week high of $72.60. 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 stock has a market capitalization of $8.06 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.21 and a beta of 0.84. The company's fifty day moving average is $65.87 and its 200 day moving average is $65.27.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Sell-side analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. KBR's dividend payout ratio is 25.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KBR shares. Citigroup boosted their price objective on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. DA Davidson restated a "buy" rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. Finally, KeyCorp upped their price objective on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.14.

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.