KBR, Inc. (NYSE:KBR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,021 shares of the construction company's stock after selling 19,746 shares during the quarter. Retirement Systems of Alabama owned approximately 0.24% of KBR worth $20,713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock valued at $262,185,000 after buying an additional 29,833 shares during the last quarter. Franklin Resources Inc. lifted its holdings in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after purchasing an additional 305,889 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of KBR by 29.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock worth $146,674,000 after purchasing an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP grew its stake in shares of KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company's stock worth $120,423,000 after buying an additional 507,800 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in KBR by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company's stock worth $114,090,000 after buying an additional 113,140 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KBR. StockNews.com lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. 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. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. KeyCorp boosted their price objective on KBR from $75.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, DA Davidson restated a "buy" rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and an average price target of $81.14.

KBR Trading Down 0.1 %

NYSE KBR traded down $0.08 on Friday, reaching $58.47. 932,197 shares of the company were exchanged, compared to its average volume of 1,190,331. KBR, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $72.60. 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 business's fifty day moving average price is $64.95 and its 200 day moving average price is $64.93. The stock has a market capitalization of $7.79 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84.

KBR (NYSE:KBR - Get Free Report) last announced its 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. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, December 13th. KBR's payout ratio is 25.21%.

KBR 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.