South Street Advisors LLC Has $12.54 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

South Street Advisors LLC trimmed its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,523 shares of the construction company's stock after selling 16,390 shares during the period. KBR makes up 1.9% of South Street Advisors LLC's portfolio, making the stock its 23rd biggest holding. South Street Advisors LLC owned approximately 0.14% of KBR worth $12,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock valued at $77,000 after acquiring an additional 179 shares during the period. CWM LLC boosted its holdings in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after acquiring an additional 231 shares during the period. Blue Trust Inc. lifted its stake in shares of KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company's stock valued at $93,000 after buying an additional 316 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock valued at $766,000 after buying an additional 335 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of KBR by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company's stock valued at $1,082,000 after buying an additional 422 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Price Performance

KBR traded down $1.51 during midday trading on Friday, reaching $58.65. 4,063,207 shares of the company's stock were exchanged, compared to its average volume of 1,149,900. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a one year low of $50.45 and a one year high of $72.60. The business has a 50-day simple moving average of $66.43 and a two-hundred day simple moving average of $65.80.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. KBR's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. KBR's dividend payout ratio (DPR) is currently 25.21%.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KBR shares. KeyCorp increased their target price on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. StockNews.com cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. Citigroup increased their target price 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. TD Cowen cut shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. Finally, UBS Group increased 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.14.

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.