KBR, Inc. (NYSE:KBR) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its stake in KBR, Inc. (NYSE:KBR) by 81.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 58,045 shares of the construction company’s stock after acquiring an additional 26,038 shares during the quarter. KBR comprises approximately 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 24th biggest position. Dynamic Technology Lab Private Ltd’s holdings in KBR were worth $3,781,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in shares of KBR by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company’s stock worth $14,967,000 after purchasing an additional 4,804 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of KBR by 6.3% during the first quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company’s stock valued at $3,792,000 after acquiring an additional 3,518 shares during the last quarter. Tidal Investments LLC lifted its position in shares of KBR by 11.9% in the first quarter. Tidal Investments LLC now owns 5,411 shares of the construction company’s stock valued at $344,000 after acquiring an additional 574 shares in the last quarter. Comerica Bank boosted its stake in shares of KBR by 27.5% in the first quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock worth $4,620,000 after acquiring an additional 15,651 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of KBR by 21.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 71,144 shares of the construction company’s stock worth $4,529,000 after purchasing an additional 12,792 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KBR shares. Citigroup raised their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, UBS Group boosted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Price Performance

KBR stock opened at $61.76 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $8.23 billion, a P/E ratio of 25.95, a PEG ratio of 1.23 and a beta of 0.89. The company has a 50-day moving average price of $66.21 and a 200 day moving average price of $65.54. KBR, Inc. has a 12-month low of $50.45 and a 12-month high of $72.60.

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

KBR Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 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.