Mackenzie Financial Corp Acquires New Position in KBR, Inc. (NYSE:KBR)

Mackenzie Financial Corp bought a new position in KBR, Inc. (NYSE:KBR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,462 shares of the construction company’s stock, valued at approximately $3,493,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CenterBook Partners LP grew its position in KBR by 341.8% in the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock worth $2,845,000 after purchasing an additional 39,726 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after acquiring an additional 52,679 shares during the period. Norden Group LLC lifted its stake in shares of KBR by 1,030.1% in the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after acquiring an additional 67,634 shares during the period. Qsemble Capital Management LP acquired a new stake in shares of KBR in the 1st quarter worth approximately $868,000. Finally, Onex Canada Asset Management Inc. acquired a new stake in shares of KBR in the 4th quarter worth approximately $11,742,000. Institutional investors own 97.02% of the company’s stock.

KBR Stock Up 1.0 %

KBR stock opened at $65.75 on Wednesday. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $69.50. The company’s 50 day simple moving average is $65.06 and its 200-day simple moving average is $64.66. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $8.83 billion, a P/E ratio of -34.24, a P/E/G ratio of 1.32 and a beta of 0.90.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share 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 analyst estimates of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. As a group, equities research analysts anticipate that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. KBR’s dividend payout ratio (DPR) is -31.25%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KBR. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. StockNews.com raised shares of KBR from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $75.50.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the 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 transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by company insiders.

About KBR

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.