Loomis Sayles & Co. L P Grows Stake in KBR, Inc. (NYSE:KBR)

Loomis Sayles & Co. L P increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 5.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,256,562 shares of the construction company's stock after acquiring an additional 62,880 shares during the period. Loomis Sayles & Co. L P owned approximately 0.94% of KBR worth $81,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd increased its stake in shares of KBR by 81.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 58,045 shares of the construction company's stock worth $3,781,000 after purchasing an additional 26,038 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of KBR by 11.3% during the third quarter. Prosperity Financial Group Inc. now owns 5,705 shares of the construction company's stock valued at $372,000 after acquiring an additional 581 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of KBR in the third quarter valued at approximately $111,000. Algert Global LLC boosted its stake in shares of KBR by 82.5% in the third quarter. Algert Global LLC now owns 106,019 shares of the construction company's stock worth $6,905,000 after acquiring an additional 47,920 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of KBR by 126.4% during the third quarter. Cerity Partners LLC now owns 8,993 shares of the construction company's stock worth $586,000 after purchasing an additional 5,020 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Trading Down 0.5 %

NYSE KBR traded down $0.33 on Monday, reaching $61.43. The stock had a trading volume of 1,881,364 shares, compared to its average volume of 1,188,427. KBR, Inc. has a 12-month low of $50.45 and a 12-month high of $72.60. The stock has a fifty day moving average price of $66.21 and a two-hundred day moving average price of $65.54. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.23 and a beta of 0.89. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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, hitting analysts' consensus estimates of $0.84. The company 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%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The business 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 0.98%. The ex-dividend date of this dividend is Friday, December 13th. KBR's payout ratio is currently 25.21%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KBR shares. DA Davidson reiterated a "buy" rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. UBS Group raised their target price on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Citigroup upped their price target on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. TD Cowen lowered KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. Finally, StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.