Algert Global LLC Boosts Stake in KBR, Inc. (NYSE:KBR)

Algert Global LLC boosted its stake in KBR, Inc. (NYSE:KBR) by 82.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 106,019 shares of the construction company’s stock after purchasing an additional 47,920 shares during the period. Algert Global LLC’s holdings in KBR were worth $6,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. increased its position in 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 purchasing an additional 520,207 shares during the period. Wolf Hill Capital Management LP lifted its stake in KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after buying an additional 507,800 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in KBR by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after buying an additional 113,140 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in KBR by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock valued at $113,331,000 after buying an additional 196,693 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in KBR by 27.8% in the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. KeyCorp increased their price objective on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. Finally, UBS Group increased their target price on shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Stock Up 2.5 %

Shares of KBR stock opened at $61.76 on Friday. The business has a fifty day simple moving average of $66.21 and a 200 day simple moving average of $65.55. 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 has a market cap of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.20 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 earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. KBR’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.27 EPS for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio 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.