Point72 DIFC Ltd Sells 21,754 Shares of KBR, Inc. (NYSE:KBR)

Point72 DIFC Ltd decreased its position in KBR, Inc. (NYSE:KBR - Free Report) by 64.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,790 shares of the construction company's stock after selling 21,754 shares during the period. Point72 DIFC Ltd's holdings in KBR were worth $768,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KBR. True Wealth Design LLC bought a new position in shares of KBR in the 3rd quarter valued at about $26,000. Larson Financial Group LLC grew its stake in KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC increased its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after purchasing an additional 231 shares during the last quarter. Quarry LP raised its stake in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of KBR in the 3rd quarter valued at approximately $65,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KBR. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. 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 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 report on Tuesday, October 22nd. StockNews.com lowered KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. Finally, KeyCorp lifted their target price on KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.14.

KBR Stock Performance

Shares of NYSE:KBR traded down $1.00 during trading on Friday, reaching $59.40. 1,506,914 shares of the stock were exchanged, compared to its average volume of 1,183,878. KBR, Inc. has a 12 month low of $51.60 and a 12 month high of $72.60. The stock has a 50-day moving average price of $65.78 and a 200-day moving average price of $65.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $7.91 billion, a PE ratio of 25.20, a PEG ratio of 1.21 and a beta of 0.84.

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, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period last year, the firm posted $0.75 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 1.01%. KBR's dividend payout ratio (DPR) is presently 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.