Bank of Montreal Can Sells 187 Shares of KBR, Inc. (NYSE:KBR)

Bank of Montreal Can cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 485,940 shares of the construction company’s stock after selling 187 shares during the quarter. Bank of Montreal Can owned about 0.36% of KBR worth $31,329,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in KBR during the 1st quarter valued at $25,000. Larson Financial Group LLC increased its holdings in shares of KBR by 2,029.2% during the 2nd 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 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 purchasing an additional 231 shares during the period. Fifth Third Bancorp raised its position in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of 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 buying an additional 316 shares during the period. 97.02% of the stock is owned by institutional investors.

KBR Price Performance

Shares of KBR stock opened at $64.66 on Friday. The stock’s fifty day simple moving average is $65.25 and its 200 day simple moving average is $64.52. KBR, Inc. has a one year low of $49.37 and a one year high of $69.50. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of -33.68, a P/E/G ratio of 1.32 and a beta of 0.90. 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 issued its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, analysts expect that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is -31.25%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KBR. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

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.