Point72 Hong Kong Ltd Sells 25,801 Shares of KBR, Inc. (NYSE:KBR)

Point72 Hong Kong Ltd reduced its stake in KBR, Inc. (NYSE:KBR - Free Report) by 41.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,055 shares of the construction company's stock after selling 25,801 shares during the period. Point72 Hong Kong Ltd's holdings in KBR were worth $2,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in KBR in the third quarter valued at $26,000. Larson Financial Group LLC increased 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 stake in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP increased its stake in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after purchasing an additional 673 shares in the last quarter. Finally, Eastern Bank bought a new stake in KBR in the third quarter valued at $65,000. 97.02% of the stock is owned by institutional investors.

KBR Stock Up 0.3 %

KBR stock traded up $0.20 during midday trading on Monday, hitting $61.03. 279,863 shares of the stock were exchanged, compared to its average volume of 1,181,404. 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 stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. KBR, Inc. has a 52-week low of $51.60 and a 52-week high of $72.60. The business's 50-day moving average price is $66.08 and its 200-day moving average price is $65.36.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 13th. KBR's dividend payout ratio (DPR) is presently 25.21%.

Analysts Set New Price Targets

KBR has been the subject of several research analyst reports. Citigroup lifted their price target on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. DA Davidson reissued a "buy" rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. KeyCorp boosted their target price on shares of KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. Finally, UBS Group boosted their target price 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.14.

KBR Company Profile

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.