Congress Asset Management Co. Buys 27,092 Shares of KBR, Inc. (NYSE:KBR)

Congress Asset Management Co. raised its position in shares of KBR, Inc. (NYSE:KBR) by 16.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 191,277 shares of the construction company’s stock after buying an additional 27,092 shares during the period. Congress Asset Management Co.’s holdings in KBR were worth $12,458,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KBR. Diversify Wealth Management LLC increased its position in shares of KBR by 15.6% during the third quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company’s stock worth $410,000 after purchasing an additional 824 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in KBR in the third quarter valued at about $221,000. State of Alaska Department of Revenue raised its position in shares of KBR by 162.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company’s stock valued at $2,503,000 after purchasing an additional 23,810 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in KBR during the 3rd quarter valued at about $297,000. Finally, Assenagon Asset Management S.A. boosted its position in KBR by 993.0% in the third quarter. Assenagon Asset Management S.A. now owns 170,515 shares of the construction company’s stock valued at $11,106,000 after buying an additional 154,915 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

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 that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

KBR Price Performance

Shares of KBR stock opened at $67.01 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $66.29 and a two-hundred day simple moving average of $65.47. The stock has a market capitalization of $8.93 billion, a P/E ratio of 28.16, a PEG ratio of 1.36 and a beta of 0.90. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $71.38.

KBR (NYSE:KBR) last posted its quarterly 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.90%. KBR’s dividend payout ratio (DPR) is currently 25.21%.

Analyst Ratings Changes

Several research firms have recently commented on KBR. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp upped their target price on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, DA Davidson lifted their price target on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.88.

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.