Massachusetts Financial Services Co. MA Sells 15,396 Shares of KBR, Inc. (NYSE:KBR)

Massachusetts Financial Services Co. MA cut its position in KBR, Inc. (NYSE:KBR - Free Report) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,455,855 shares of the construction company's stock after selling 15,396 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.34% of KBR worth $290,210,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its stake in shares of KBR by 359.9% during 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 purchasing an additional 1,148,503 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in KBR during the second quarter worth approximately $47,274,000. D. E. Shaw & Co. Inc. raised its stake in KBR by 29.4% in the second 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 lifted its position in shares of 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 valued at $120,423,000 after buying an additional 507,800 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock worth $105,624,000 after acquiring an additional 353,209 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KBR shares. KeyCorp raised their price target on KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group lifted their target price on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Citigroup increased their price target on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. Finally, DA Davidson reiterated a "buy" rating and set a $84.00 target price on shares of KBR in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.14.

KBR Price Performance

KBR traded up $1.53 during trading on Friday, hitting $61.76. 2,418,013 shares of the stock traded hands, compared to its average volume of 1,899,209. The business has a 50 day moving average price of $66.21 and a 200 day moving average price of $65.56. 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, Inc. has a twelve month low of $50.45 and a twelve month high of $72.60. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.20 and a beta of 0.89.

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

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. 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.