Rice Hall James & Associates LLC Has $509,000 Stock Position in KBR, Inc. (NYSE:KBR)

Rice Hall James & Associates LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,814 shares of the construction company’s stock after selling 177 shares during the quarter. Rice Hall James & Associates LLC’s holdings in KBR were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its holdings in shares of KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after acquiring an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP raised its position in shares of KBR by 37.1% in the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after purchasing an additional 507,800 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of KBR by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after buying an additional 113,140 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock worth $113,331,000 after buying an additional 196,693 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after buying an additional 1,148,503 shares during the period. Institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.08% of the company’s stock.

KBR Stock Up 0.4 %

Shares of NYSE KBR opened at $67.29 on Friday. The stock has a market capitalization of $8.97 billion, a P/E ratio of 28.27, a PEG ratio of 1.33 and a beta of 0.89. The stock’s fifty day moving average is $66.29 and its 200 day moving average is $65.51. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $71.38. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last released 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 net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Wall Street Analyst Weigh In

KBR has been the subject of several research reports. UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp lifted their price target on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. DA Davidson upped their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. Finally, Citigroup upped their price target 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.88.

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.