Norden Group LLC Has $775,000 Stock Position in KBR, Inc. (NYSE:KBR)

Norden Group LLC boosted its stake in KBR, Inc. (NYSE:KBR) by 30.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,083 shares of the construction company’s stock after purchasing an additional 2,845 shares during the quarter. Norden Group LLC’s holdings in KBR were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of KBR during the 1st quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings 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 buying an additional 487 shares in the last quarter. CWM LLC raised its holdings in shares of KBR by 39.4% during the 2nd 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. Fifth Third Bancorp boosted its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in KBR in the fourth quarter valued at about $82,000. Institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KBR. DA Davidson reaffirmed a “buy” rating and set a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. UBS Group upped their price target on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.08% of the stock is currently owned by company insiders.

KBR Price Performance

Shares of NYSE KBR opened at $62.04 on Friday. The company has a market capitalization of $8.33 billion, a PE ratio of -32.31, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $69.50. The firm has a fifty day simple moving average of $65.83 and a 200 day simple moving average of $64.32.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts forecast that KBR, Inc. will post 3.24 EPS for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio (DPR) is -31.25%.

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.