27,315 Shares in KBR, Inc. (NYSE:KBR) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in KBR, Inc. (NYSE:KBR) during the second quarter, HoldingsChannel.com reports. The fund purchased 27,315 shares of the construction company’s stock, valued at approximately $1,752,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of KBR by 17.5% during 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 during the period. CWM LLC lifted its holdings in shares of 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. Harbour Capital Advisors LLC boosted its position in shares of KBR by 0.5% during the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after acquiring an additional 265 shares in the last quarter. Blue Trust Inc. increased its stake in KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after acquiring an additional 316 shares during the period. Finally, Rise Advisors LLC acquired a new position in KBR in the first quarter worth about $25,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Insiders Place Their Bets

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

KBR Trading Up 1.2 %

KBR opened at $64.37 on Tuesday. The firm has a 50 day simple moving average of $65.41 and a 200 day simple moving average of $64.50. The company has a market cap of $8.64 billion, a price-to-earnings ratio of -33.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $69.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. On average, sell-side analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. KBR’s payout ratio is -31.25%.

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.