Inspire Investing LLC Raises Holdings in KBR, Inc. (NYSE:KBR)

Inspire Investing LLC lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 15.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,320 shares of the construction company’s stock after buying an additional 837 shares during the quarter. Inspire Investing LLC’s holdings in KBR were worth $412,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KBR. Vanguard Group Inc. grew its holdings in KBR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after acquiring an additional 52,679 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of KBR during the 1st quarter worth $25,000. Congress Asset Management Co. MA grew its stake in shares of KBR by 38.0% during the first quarter. Congress Asset Management Co. MA now owns 134,475 shares of the construction company’s stock worth $8,561,000 after purchasing an additional 37,034 shares in the last quarter. CIC Wealth LLC purchased a new position in KBR in the first quarter valued at $509,000. Finally, Harbour Capital Advisors LLC raised its stake in KBR by 0.5% in the first quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after buying an additional 265 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Price Performance

Shares of NYSE:KBR opened at $69.43 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR, Inc. has a one year low of $49.37 and a one year high of $69.77. The company has a 50-day simple moving average of $65.76 and a 200-day simple moving average of $65.16. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of -36.16, a PEG ratio of 1.40 and a beta of 0.90.

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 analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, analysts predict that KBR, Inc. will post 3.25 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.86%. KBR’s dividend payout ratio is currently -31.25%.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KBR has been the subject of several analyst reports. KeyCorp upped their price objective on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. TD Cowen lowered 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 reissued a “buy” rating and set a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. Finally, StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average price target of $76.75.

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.