Mercer Global Advisors Inc. ADV Invests $367,000 in KBR, Inc. (NYSE:KBR)

Mercer Global Advisors Inc. ADV purchased a new position in shares of KBR, Inc. (NYSE:KBR) in the second quarter, HoldingsChannel reports. The fund purchased 5,721 shares of the construction company’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of KBR during the first quarter worth about $25,000. Larson Financial Group LLC grew 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 buying an additional 487 shares in the last quarter. CWM LLC grew its holdings in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the period. Fifth Third Bancorp grew its holdings 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 during the period. Finally, Blue Trust Inc. grew its holdings 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 purchasing an additional 316 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. DA Davidson restated a “buy” rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. Finally, StockNews.com upgraded shares of KBR from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $75.50.

KBR Trading Down 0.7 %

NYSE KBR opened at $64.18 on Monday. The company’s fifty day simple moving average is $65.18 and its 200-day simple moving average is $64.59. KBR, Inc. has a 52 week low of $49.37 and a 52 week 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 stock has a market cap of $8.62 billion, a P/E ratio of -33.43, a PEG ratio of 1.32 and a beta of 0.90.

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

KBR Announces Dividend

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

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.