Wellington Management Group LLP raised its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,017 shares of the construction company's stock after purchasing an additional 84,698 shares during the period. Wellington Management Group LLP owned about 0.36% of KBR worth $31,654,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in shares of KBR in the third quarter valued at approximately $26,000. Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 487 shares in the last quarter. CWM LLC lifted its position in shares of KBR by 39.4% in 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 in the last quarter. Quarry LP lifted its position in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after acquiring an additional 673 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of KBR in the third quarter valued at approximately $65,000. 97.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. TD Cowen downgraded 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. Citigroup lifted their price objective on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. DA Davidson reiterated a "buy" rating and set a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Finally, UBS Group lifted their price objective on 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.14.
View Our Latest Stock Report on KBR
KBR Trading Down 0.1 %
Shares of NYSE KBR traded down $0.08 during trading on Friday, reaching $58.47. The stock had a trading volume of 316,008 shares, compared to its average volume of 1,187,691. KBR, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $72.60. 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 business's 50-day moving average price is $65.15 and its 200-day moving average price is $64.99. The company has a market cap of $7.79 billion, a P/E ratio of 24.66, a PEG ratio of 1.18 and a beta of 0.84.
KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting analysts' consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company's revenue was up 10.0% on a year-over-year basis. On average, equities research analysts predict that KBR, Inc. will post 3.27 EPS 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.03%. KBR's payout ratio is 25.21%.
KBR Profile
(
Free Report)
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.
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