Quest Partners LLC Has $2.46 Million Stake in KBR, Inc. (NYSE:KBR)

Quest Partners LLC trimmed its holdings in KBR, Inc. (NYSE:KBR) by 9.4% in the third quarter, Holdings Channel reports. The fund owned 37,721 shares of the construction company’s stock after selling 3,891 shares during the period. Quest Partners LLC’s holdings in KBR were worth $2,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. Larson Financial Group LLC boosted its position in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after buying an additional 487 shares during the period. CWM LLC boosted its position in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the period. Quarry LP boosted its position in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the period. Eastern Bank acquired a new position in shares of KBR during the third quarter worth about $65,000. Finally, Fifth Third Bancorp boosted its position in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup upped 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 increased 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. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, KeyCorp increased their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, KBR has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Price Performance

NYSE:KBR opened at $58.65 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock’s 50 day moving average price is $66.43 and its two-hundred day moving average price is $65.81. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.17 and a beta of 0.89. KBR, Inc. has a 12-month low of $50.45 and a 12-month high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. On average, analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued 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 1.02%. KBR’s payout ratio is currently 25.21%.

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.