Pier 88 Investment Partners LLC Has $3.30 Million Holdings in KBR, Inc. (NYSE:KBR)

Pier 88 Investment Partners LLC lifted its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 25.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,710 shares of the construction company's stock after acquiring an additional 10,420 shares during the period. KBR comprises approximately 0.7% of Pier 88 Investment Partners LLC's holdings, making the stock its 29th largest holding. Pier 88 Investment Partners LLC's holdings in KBR were worth $3,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its position 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 valued at $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC increased its position in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after buying an additional 231 shares during the period. Quarry LP increased its position in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after buying an additional 673 shares during the period. Eastern Bank acquired a new stake in KBR in the third quarter worth $65,000. Finally, Fifth Third Bancorp increased its position in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after buying an additional 179 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KBR has been the topic of several analyst reports. KeyCorp increased their target price on KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. DA Davidson increased their price target 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 cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. UBS Group increased their price target on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, TD Cowen cut KBR from a "buy" rating to a "hold" rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.14.

KBR Trading Down 14.0 %

Shares of NYSE:KBR traded down $9.80 during midday trading on Thursday, reaching $60.17. The company had a trading volume of 6,783,255 shares, compared to its average volume of 1,136,717. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current 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 $8.02 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The company has a fifty day simple moving average of $66.50 and a two-hundred day simple moving average of $65.86.

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 for the quarter, meeting analysts' consensus estimates of $0.84. The business had revenue of $1.95 billion during 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%. KBR's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, December 13th. KBR's dividend payout ratio (DPR) is presently 25.21%.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company's stock, valued at approximately $7,091,968. This represents a 24.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.08% of the company's stock.

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.