AQR Capital Management LLC Grows Holdings in KBR, Inc. (NYSE:KBR)

AQR Capital Management LLC boosted its stake in KBR, Inc. (NYSE:KBR) by 348.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,151 shares of the construction company’s stock after acquiring an additional 125,193 shares during the period. AQR Capital Management LLC owned 0.12% of KBR worth $10,336,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CenterBook Partners LP raised its stake in shares of KBR by 341.8% in the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after purchasing an additional 39,726 shares in the last quarter. South Street Advisors LLC lifted its holdings in KBR by 4.1% during the 4th quarter. South Street Advisors LLC now owns 227,583 shares of the construction company’s stock worth $12,610,000 after buying an additional 9,004 shares during the last quarter. Engine Capital Management LP bought a new position in KBR during the 4th quarter worth approximately $8,421,000. Corsair Capital Management L.P. grew its position in shares of KBR by 35.0% in the 4th quarter. Corsair Capital Management L.P. now owns 13,500 shares of the construction company’s stock worth $748,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Freshford Capital Management LLC increased its holdings in shares of KBR by 55.5% in the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after acquiring an additional 344,800 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com raised shares of KBR from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. 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 report on Friday, September 6th. Finally, DA Davidson reiterated a “buy” rating and set a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $75.50.

Insider Activity at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were 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 directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.08% of the stock is currently owned by insiders.

KBR Trading Up 0.4 %

KBR stock opened at $66.00 on Thursday. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $69.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of -34.38, a PEG ratio of 1.32 and a beta of 0.90. The firm has a 50-day moving average price of $65.05 and a two-hundred day moving average price of $64.67.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts expect that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Announces Dividend

The business also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s payout ratio is currently -31.25%.

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.