Olympiad Research LP Purchases New Stake in KBR, Inc. (NYSE:KBR)

Olympiad Research LP acquired a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,249 shares of the construction company's stock, valued at approximately $472,000.

A number of other large investors have also recently added to or reduced their stakes in KBR. Norden Group LLC boosted its position in KBR by 40.7% during the first quarter. Norden Group LLC now owns 9,238 shares of the construction company's stock valued at $588,000 after purchasing an additional 2,672 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in KBR by 1.2% during the first quarter. BNP Paribas Financial Markets now owns 95,824 shares of the construction company's stock worth $6,100,000 after purchasing an additional 1,143 shares during the period. Central Pacific Bank Trust Division bought a new stake in KBR in the first quarter valued at approximately $138,000. Texas Permanent School Fund Corp boosted its position in KBR by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 118,154 shares of the construction company's stock worth $7,522,000 after purchasing an additional 1,530 shares during the period. Finally, Sciencast Management LP acquired a new stake in shares of KBR during the 1st quarter worth about $349,000. Institutional investors own 97.02% of the company's stock.

Insider Buying and Selling

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm's 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 in the company, valued at $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by company insiders.

KBR Trading Up 1.2 %

Shares of NYSE KBR traded up $0.81 during trading on Thursday, reaching $70.81. The company had a trading volume of 1,183,369 shares, compared to its average volume of 1,110,371. The stock has a market cap of $9.43 billion, a P/E ratio of 29.70, a PEG ratio of 1.34 and a beta of 0.89. KBR, Inc. has a 12 month low of $50.45 and a 12 month high of $71.72. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company's fifty day moving average price is $66.33 and its 200-day moving average price is $65.66.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.84. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. As a group, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. KBR's dividend payout ratio is presently 25.21%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KBR shares. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. DA Davidson raised their price objective on KBR from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. KeyCorp boosted their price target on KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, KBR has an average rating of "Moderate Buy" and an average target price of $81.14.

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.