Royce & Associates LP Has $41.91 Million Stock Position in KBR, Inc. (NYSE:KBR)

Royce & Associates LP cut its stake in KBR, Inc. (NYSE:KBR - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,539 shares of the construction company's stock after selling 8,926 shares during the quarter. Royce & Associates LP owned about 0.48% of KBR worth $41,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock worth $77,000 after buying an additional 179 shares in the last quarter. CWM LLC grew its stake in KBR by 39.4% during the 2nd 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. Blue Trust Inc. increased its holdings in KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company's stock worth $93,000 after purchasing an additional 316 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock worth $766,000 after purchasing an additional 335 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of KBR by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company's stock valued at $1,082,000 after purchasing an additional 422 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KBR. KeyCorp upped their price target on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. StockNews.com cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. DA Davidson increased their target price on KBR from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.14.

Insider Buying and Selling at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The trade was a 24.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.08% of the company's stock.

KBR Price Performance

Shares of NYSE:KBR traded down $1.51 during trading hours on Friday, hitting $58.65. 4,062,875 shares of the company's stock traded hands, compared to its average volume of 1,149,900. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company's fifty day simple moving average is $66.50 and its two-hundred day simple moving average is $65.86. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

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, meeting analysts' consensus estimates of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. As a group, equities analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The firm 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 of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. KBR's payout ratio 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.