Point72 Asia Singapore Pte. Ltd. Acquires 3,863 Shares of KBR, Inc. (NYSE:KBR)

Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of KBR, Inc. (NYSE:KBR) by 150.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,430 shares of the construction company’s stock after purchasing an additional 3,863 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in KBR were worth $419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KBR. True Wealth Design LLC bought a new stake in shares of KBR during the 3rd quarter worth about $26,000. Larson Financial Group LLC lifted its position in 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 acquiring an additional 487 shares during the last quarter. CWM LLC boosted its holdings 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 acquiring an additional 231 shares during the period. Quarry LP grew its position in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of KBR during the third quarter worth approximately $65,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

Shares of NYSE:KBR opened at $61.06 on Tuesday. 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 capitalization of $8.14 billion, a PE ratio of 25.66, a PEG ratio of 1.21 and a beta of 0.89. The firm has a 50 day moving average of $66.08 and a 200-day moving average of $65.36. KBR, Inc. has a 12 month low of $51.60 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 for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is 25.21%.

Analyst Ratings Changes

KBR has been the topic of a number of research reports. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. 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. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp increased their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.14.

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.