Victory Capital Management Inc. Boosts Holdings in KBR, Inc. (NYSE:KBR)

Victory Capital Management Inc. lifted its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 85.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,109 shares of the construction company's stock after purchasing an additional 23,491 shares during the quarter. Victory Capital Management Inc.'s holdings in KBR were worth $3,329,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KBR. Price T Rowe Associates Inc. MD grew its position in shares of KBR by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company's stock valued at $14,967,000 after purchasing an additional 4,804 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in KBR by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company's stock worth $3,792,000 after acquiring an additional 3,518 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company's stock valued at $93,431,000 after acquiring an additional 1,148,503 shares in the last quarter. Tidal Investments LLC boosted its position in shares of KBR by 11.9% during the 1st quarter. Tidal Investments LLC now owns 5,411 shares of the construction company's stock valued at $344,000 after acquiring an additional 574 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of KBR by 27.5% during the first 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. Institutional investors own 97.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on KBR. DA Davidson reiterated a "buy" rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, TD Cowen lowered KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, KBR presently has an average rating of "Moderate Buy" and an average price target of $81.14.

KBR Trading Up 2.5 %

Shares of NYSE:KBR traded up $1.53 on Friday, reaching $61.76. 2,418,013 shares of the company traded hands, compared to its average volume of 1,899,209. KBR, Inc. has a 52 week low of $50.45 and a 52 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 50-day simple moving average is $66.21 and its 200 day simple moving average is $65.54. The stock has a market capitalization of $8.23 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $1.95 billion for 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% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. As a group, equities analysts anticipate that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The company 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, December 13th. KBR's dividend payout ratio (DPR) 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.