Pinnbrook Capital Management LP Invests $3.53 Million in KBR, Inc. (NYSE:KBR)

Pinnbrook Capital Management LP acquired a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 60,890 shares of the construction company's stock, valued at approximately $3,527,000.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in KBR during the third quarter worth about $26,000. UMB Bank n.a. grew its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after purchasing an additional 175 shares during the period. Eastern Bank acquired a new stake in KBR during the 3rd quarter worth approximately $65,000. Wilmington Savings Fund Society FSB purchased a new position in KBR in the fourth quarter valued at approximately $68,000. Finally, Daiwa Securities Group Inc. acquired a new position in KBR during the third quarter valued at approximately $111,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KBR has been the subject of several recent research reports. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. DA Davidson reiterated a "buy" rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. KeyCorp reduced their price objective on KBR from $78.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group boosted their price target on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $78.00.

KBR Stock Down 3.3 %

Shares of NYSE KBR traded down $1.67 during midday trading on Friday, reaching $49.08. 2,616,731 shares of the company's stock were exchanged, compared to its average volume of 1,362,448. 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 52-week low of $48.66 and a 52-week high of $72.60. The business's fifty day moving average price is $56.16 and its two-hundred day moving average price is $61.92. The stock has a market capitalization of $6.54 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This is an increase from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.34%. KBR's payout ratio is currently 25.21%.

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.