Sanctuary Advisors LLC Acquires 2,592 Shares of KBR, Inc. (NYSE:KBR)

Sanctuary Advisors LLC increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 73.4% in the third quarter, Holdings Channel.com reports. The fund owned 6,122 shares of the construction company’s stock after buying an additional 2,592 shares during the quarter. Sanctuary Advisors LLC’s holdings in KBR were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBR. Healthcare of Ontario Pension Plan Trust Fund raised its position in KBR by 1.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after purchasing an additional 300 shares in the last quarter. Janney Montgomery Scott LLC raised its position in KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares in the last quarter. True Wealth Design LLC bought a new stake in KBR during the 3rd quarter valued at $26,000. Blue Trust Inc. raised its position in KBR by 32.2% during the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after purchasing an additional 469 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Stock Down 1.0 %

Shares of KBR stock opened at $57.05 on Friday. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. The stock’s fifty day moving average price is $62.63 and its 200 day moving average price is $64.45. 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 company has a market cap of $7.60 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. On average, research analysts expect that KBR, Inc. will post 3.27 earnings per share for the current fiscal 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.05%. KBR’s payout ratio is presently 25.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. KeyCorp boosted their price target on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average price target of $81.14.

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.