Quantbot Technologies LP Boosts Stake in KBR, Inc. (NYSE:KBR)

Quantbot Technologies LP raised its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 22.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,183 shares of the construction company's stock after buying an additional 14,491 shares during the period. Quantbot Technologies LP owned about 0.06% of KBR worth $5,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pier 88 Investment Partners LLC lifted its holdings in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock worth $3,303,000 after buying an additional 10,420 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of KBR in the third quarter valued at $771,000. Boston Partners boosted its holdings in KBR by 49.4% in the first quarter. Boston Partners now owns 84,965 shares of the construction company's stock valued at $5,410,000 after purchasing an additional 28,091 shares during the period. Comerica Bank grew its stake in KBR by 27.5% during the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company's stock worth $4,620,000 after purchasing an additional 15,651 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in KBR during the 3rd quarter worth about $1,928,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of KBR stock traded down $0.40 on Wednesday, hitting $61.19. The stock had a trading volume of 855,184 shares, compared to its average volume of 1,186,759. The company's 50 day moving average price is $66.20 and its 200 day moving average price is $65.47. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.22 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52-week low of $50.45 and a 52-week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.95 billion during 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 company's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. On average, research analysts anticipate that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. KBR's payout ratio is currently 25.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. UBS Group increased their price objective on shares of KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. KeyCorp lifted their price objective 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. DA Davidson reissued a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Finally, TD Cowen downgraded KBR from a "buy" rating to a "hold" rating and set a $72.00 price target for the company. in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, KBR has an average rating of "Moderate Buy" and a consensus price target 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.