Mutual of America Capital Management LLC Lowers Stock Holdings in KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC reduced its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,431 shares of the construction company's stock after selling 13,051 shares during the period. Mutual of America Capital Management LLC owned about 0.09% of KBR worth $7,388,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock worth $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC lifted its position in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after acquiring an additional 231 shares during the period. Quarry LP raised its position in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after buying an additional 673 shares during the last quarter. Eastern Bank purchased a new position in KBR during the third quarter worth about $65,000. Finally, Fifth Third Bancorp raised its stake in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after buying an additional 179 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Price Performance

Shares of KBR stock traded up $0.10 during midday trading on Tuesday, reaching $58.25. 1,576,058 shares of the company traded hands, compared to its average volume of 1,160,803. 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 1-year low of $50.45 and a 1-year high of $72.60. The firm has a market cap of $7.76 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.89. The firm's 50 day simple moving average is $66.36 and its two-hundred day simple moving average is $65.75.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. KBR's dividend payout ratio is currently 25.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KBR shares. Citigroup raised their target price on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. DA Davidson increased their target price on shares of KBR from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, October 25th. KeyCorp lifted their price target on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, TD Cowen downgraded shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, KBR currently 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.