1,700 Shares in KBR, Inc. (NYSE:KBR) Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. acquired a new position in shares of KBR, Inc. (NYSE:KBR) during the third quarter, Holdings Channel reports. The fund acquired 1,700 shares of the construction company’s stock, valued at approximately $111,000.

A number of other institutional investors have also added to or reduced their stakes in KBR. Empyrean Capital Partners LP bought a new position in KBR in the 2nd quarter valued at $47,274,000. D. E. Shaw & Co. Inc. increased its stake in shares of KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after purchasing an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP raised its holdings in shares of KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after purchasing an additional 507,800 shares during the period. Jennison Associates LLC lifted its stake in KBR by 27.8% in the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares during the last quarter. Finally, Davidson Kempner Capital Management LP raised its stake in shares of KBR by 913.1% in the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock valued at $19,175,000 after buying an additional 269,448 shares during the period. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBR has been the topic of several recent research reports. Citigroup upped their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp lifted their price objective on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson restated a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. Finally, 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 report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Trading Down 0.6 %

NYSE KBR opened at $60.83 on Monday. The firm has a market cap of $8.10 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. KBR, Inc. has a 1-year low of $51.33 and a 1-year high of $72.60. The stock has a 50-day moving average of $66.08 and a 200-day moving average of $65.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts forecast that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

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.