Dai ichi Life Insurance Company Ltd Makes New $7.44 Million Investment in KBR, Inc. (NYSE:KBR)

Dai ichi Life Insurance Company Ltd bought a new stake in KBR, Inc. (NYSE:KBR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 114,158 shares of the construction company’s stock, valued at approximately $7,435,000. Dai ichi Life Insurance Company Ltd owned approximately 0.09% of KBR as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KBR. Larson Financial Group LLC grew its stake in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the period. CWM LLC boosted its holdings in 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 in the last quarter. Quarry LP grew its position in 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 purchased a new position in KBR in the third quarter valued at about $65,000. Finally, Fifth Third Bancorp lifted its position in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KBR has been the subject of several research reports. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. KeyCorp upped their price target on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Down 0.5 %

KBR stock opened at $61.44 on Tuesday. The company has a 50 day moving average price of $66.21 and a two-hundred day moving average price of $65.50. 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 stock has a market capitalization of $8.19 billion, a P/E ratio of 25.82, a PEG ratio of 1.23 and a beta of 0.89. KBR, Inc. has a one year low of $50.45 and a one year high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 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 during 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. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that KBR, Inc. will post 3.27 EPS for the current year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. KBR’s payout ratio is currently 25.21%.

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.