Cwm LLC Raises Stock Position in KBR, Inc. (NYSE:KBR)

Cwm LLC lifted its stake in KBR, Inc. (NYSE:KBR) by 524.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,104 shares of the construction company’s stock after buying an additional 4,287 shares during the quarter. Cwm LLC’s holdings in KBR were worth $332,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KBR. CIC Wealth LLC purchased a new stake in KBR in the first quarter worth about $509,000. Harbour Capital Advisors LLC lifted its stake in shares of KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares during the period. State of Michigan Retirement System boosted its position in shares of KBR by 2.2% during the first quarter. State of Michigan Retirement System now owns 33,111 shares of the construction company’s stock valued at $2,108,000 after purchasing an additional 700 shares in the last quarter. Norden Group LLC grew its stake in KBR by 1,030.1% in the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after purchasing an additional 67,634 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in KBR by 2.3% in the first quarter. Principal Financial Group Inc. now owns 509,083 shares of the construction company’s stock worth $32,408,000 after purchasing an additional 11,462 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.08% of the company’s stock.

KBR Price Performance

Shares of KBR opened at $71.08 on Tuesday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $71.11. The company has a market capitalization of $9.54 billion, a P/E ratio of -36.95, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The firm has a 50 day moving average of $65.89 and a 200 day moving average of $65.23. 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 (NYSE:KBR) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. As a group, equities research analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The business 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 0.84%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is currently -31.25%.

Wall Street Analyst Weigh In

KBR has been the topic of a number of recent research reports. KeyCorp upped their target price on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. DA Davidson restated a “buy” rating and issued a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.