KBR, Inc. (NYSE:KBR) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 90.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 32,182 shares of the construction company's stock after acquiring an additional 15,317 shares during the period. Sequoia Financial Advisors LLC's holdings in KBR were worth $2,096,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norden Group LLC grew its stake in KBR by 1,030.1% in the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company's stock worth $4,723,000 after acquiring an additional 67,634 shares in the last quarter. Qsemble Capital Management LP bought a new position in KBR in the first quarter worth approximately $868,000. Retirement Systems of Alabama increased its holdings in KBR by 73.9% during the 1st quarter. Retirement Systems of Alabama now owns 326,319 shares of the construction company's stock worth $20,773,000 after purchasing an additional 138,633 shares during the period. Boston Partners raised its position in KBR by 49.4% during the 1st quarter. Boston Partners now owns 84,965 shares of the construction company's stock valued at $5,410,000 after purchasing an additional 28,091 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of KBR by 27.5% in the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company's stock worth $4,620,000 after buying an additional 15,651 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on KBR shares. DA Davidson raised their price target on KBR from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Friday. Citigroup increased their target price on shares of KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday. TD Cowen lowered shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price target for the company. in a report on Friday, September 6th. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. Finally, KeyCorp lifted their price objective on shares of KBR from $73.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $78.75.

KBR Stock Down 0.5 %

Shares of KBR stock traded down $0.32 on Friday, reaching $66.73. The stock had a trading volume of 898,255 shares, compared to its average volume of 946,692. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $8.88 billion, a P/E ratio of 45.39, a P/E/G ratio of 1.45 and a beta of 0.90. The company has a 50 day moving average price of $66.22 and a 200 day moving average price of $65.36. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $71.38.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results 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 net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts forecast that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, December 13th. KBR's dividend payout ratio (DPR) is presently 40.82%.

Insider Buying and Selling at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on 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 in the company, valued at $7,091,968. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by company insiders.

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.