Versor Investments LP Takes $1.95 Million Position in KBR, Inc. (NYSE:KBR)

Versor Investments LP acquired a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,999 shares of the construction company's stock, valued at approximately $1,954,000.

Several other hedge funds have also recently bought and sold shares of KBR. Larson Financial Group LLC boosted 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 buying an additional 487 shares in the last quarter. CWM LLC boosted its stake in shares of KBR by 39.4% in 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. Quarry LP grew its holdings in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank acquired a new position in KBR during the 3rd quarter worth approximately $65,000. Finally, Fifth Third Bancorp lifted its stake in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock valued at $77,000 after purchasing an additional 179 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Trading Up 0.6 %

KBR stock traded up $0.43 during midday trading on Monday, hitting $72.02. The stock had a trading volume of 1,045,667 shares, compared to its average volume of 1,110,017. 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 has a fifty day moving average price of $66.42 and a two-hundred day moving average price of $65.78. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The firm has a market cap of $9.60 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. 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 prior year, the company earned $0.75 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend yield of 0.83%. KBR's payout ratio is presently 25.21%.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction 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 sale, the insider now directly owns 106,550 shares of the company's stock, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of research reports. DA Davidson upped their price target on shares of KBR from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, October 25th. UBS Group lifted 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. KeyCorp upped their price target on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday. TD Cowen cut shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. Finally, Citigroup raised their target price on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, KBR currently has an average 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.