KBR, Inc. (NYSE:KBR) Shares Sold by Barclays PLC

Barclays PLC reduced its position in KBR, Inc. (NYSE:KBR) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,626 shares of the construction company’s stock after selling 9,145 shares during the period. Barclays PLC’s holdings in KBR were worth $4,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Empyrean Capital Partners LP purchased a new stake in shares of KBR during the 2nd quarter valued at about $47,274,000. D. E. Shaw & Co. Inc. boosted its stake in shares of KBR by 29.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after purchasing an additional 520,207 shares during the period. Wolf Hill Capital Management LP increased its stake in KBR by 37.1% during 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 buying an additional 507,800 shares during the period. Jennison Associates LLC boosted its position in KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after buying an additional 353,209 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its position in shares of KBR by 913.1% during the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock worth $19,175,000 after acquiring an additional 269,448 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR opened at $56.99 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $7.59 billion, a PE ratio of 23.95, a P/E/G ratio of 1.18 and a beta of 0.84. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. The business’s fifty day moving average price is $63.82 and its two-hundred day moving average price is $64.67.

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, hitting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts expect that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is currently 25.21%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KBR shares. UBS Group lifted their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Citigroup upped their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. Finally, StockNews.com downgraded 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 seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.14.

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.