Congress Asset Management Co. Increases Stake in KBR, Inc. (NYSE:KBR)

Congress Asset Management Co. lifted its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,277 shares of the construction company's stock after acquiring an additional 27,092 shares during the period. Congress Asset Management Co. owned 0.14% of KBR worth $12,458,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KBR. Fifth Third Bancorp lifted its stake in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after purchasing an additional 179 shares in the last quarter. CWM LLC boosted its stake in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after buying an additional 231 shares during the last quarter. Blue Trust Inc. grew its holdings in KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company's stock valued at $93,000 after buying an additional 316 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in KBR by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company's stock worth $1,082,000 after acquiring an additional 422 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of 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. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Trading Up 0.4 %

Shares of KBR traded up $0.28 during mid-day trading on Friday, reaching $67.29. 911,110 shares of the company's stock traded hands, compared to its average volume of 1,111,127. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50-day moving average is $66.29 and its two-hundred day moving average is $65.51. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $71.38. The stock has a market cap of $8.97 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.36 and a beta of 0.90.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently announced 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. 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 0.89%. KBR's dividend payout ratio is currently 25.21%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company's stock, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on KBR shares. StockNews.com lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. DA Davidson boosted their target price on shares of KBR from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, October 25th. TD Cowen cut shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 target price on the stock. in a research report on Friday, September 6th. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, UBS Group raised their price objective on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR currently has an average rating of "Moderate Buy" and a consensus target price of $78.88.

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.