7,743 Shares in KBR, Inc. (NYSE:KBR) Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA bought a new position in KBR, Inc. (NYSE:KBR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 7,743 shares of the construction company’s stock, valued at approximately $504,000.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the period. CWM LLC raised its holdings in KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP raised its holdings in KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank bought a new position in KBR in the 3rd quarter worth $65,000. Finally, Fifth Third Bancorp raised its holdings in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KBR. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. KeyCorp increased their price objective on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, Citigroup increased their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Up 0.4 %

KBR stock opened at $61.12 on Thursday. KBR, Inc. has a twelve month low of $51.60 and a twelve month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $8.14 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. The business has a 50 day moving average of $65.93 and a 200 day moving average of $65.30.

KBR (NYSE:KBR) last posted 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. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. On average, research analysts forecast that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is currently 25.21%.

KBR Company 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.