Exchange Traded Concepts LLC Grows Stock Holdings in KBR, Inc. (NYSE:KBR)

Exchange Traded Concepts LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 376.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,193 shares of the construction company's stock after buying an additional 40,449 shares during the quarter. Exchange Traded Concepts LLC's holdings in KBR were worth $3,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KBR. Vanguard Group Inc. raised its position in shares of KBR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company's stock valued at $722,823,000 after buying an additional 52,679 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in 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 valued at $146,674,000 after purchasing an additional 520,207 shares in the last quarter. Wolf Hill Capital Management LP lifted 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 purchasing an additional 507,800 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in KBR by 6.8% during the second 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of KBR by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company's stock worth $113,331,000 after purchasing an additional 196,693 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 1.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KBR. KeyCorp boosted their target price on KBR from $73.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. StockNews.com lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. TD Cowen lowered shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. Finally, DA Davidson reissued a "buy" rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.75.

KBR Trading Down 2.3 %

KBR stock traded down $1.60 during trading hours on Tuesday, reaching $67.87. The stock had a trading volume of 1,041,177 shares, compared to its average volume of 1,098,402. The company has a fifty day simple moving average of $65.54 and a 200-day simple moving average of $65.10. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $69.77. The stock has a market cap of $9.11 billion, a PE ratio of -35.35, a PEG ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. Analysts forecast that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, September 16th. KBR's dividend payout ratio (DPR) is currently -31.25%.

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.