Davidson Kempner Capital Management LP Acquires 269,448 Shares of KBR, Inc. (NYSE:KBR)

Davidson Kempner Capital Management LP grew its stake in KBR, Inc. (NYSE:KBR) by 913.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,956 shares of the construction company’s stock after acquiring an additional 269,448 shares during the period. Davidson Kempner Capital Management LP’s holdings in KBR were worth $19,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rise Advisors LLC acquired a new stake in KBR in the first quarter valued at $25,000. Larson Financial Group LLC increased its holdings in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the period. CWM LLC increased its stake in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the period. Fifth Third Bancorp raised its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KBR shares. 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 research report on Friday, September 6th. DA Davidson reiterated a “buy” rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and a consensus price target of $75.50.

KBR Stock Performance

Shares of KBR stock opened at $63.58 on Monday. The business’s 50-day moving average price is $65.43 and its 200-day moving average price is $64.49. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $69.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of -33.11, a PEG ratio of 1.25 and a beta of 0.90.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. Equities research analysts forecast that KBR, Inc. will post 3.25 EPS for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio is currently -31.25%.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.08% of the company’s stock.

KBR 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.