KBR, Inc. (NYSE:KBR) Shares Acquired by FDx Advisors Inc.

FDx Advisors Inc. lifted its stake in shares of KBR, Inc. (NYSE:KBRGet Rating) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,299 shares of the construction company’s stock after buying an additional 288 shares during the quarter. FDx Advisors Inc.’s holdings in KBR were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KBR. State of Michigan Retirement System grew its position in shares of KBR by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 35,568 shares of the construction company’s stock worth $1,694,000 after buying an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in KBR in the fourth quarter valued at approximately $2,125,000. WBI Investments Inc. purchased a new stake in KBR in the fourth quarter valued at approximately $902,000. State of New Jersey Common Pension Fund D lifted its stake in KBR by 1.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 77,115 shares of the construction company’s stock valued at $3,672,000 after buying an additional 872 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its stake in KBR by 2.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 164,872 shares of the construction company’s stock valued at $7,851,000 after buying an additional 3,788 shares during the last quarter.

KBR Trading Up 2.2 %

NYSE:KBR opened at $52.40 on Friday. The stock has a fifty day moving average price of $48.35 and a two-hundred day moving average price of $49.02. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of -69.87 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.21 and a current ratio of 1.21. KBR, Inc. has a 1 year low of $36.71 and a 1 year high of $56.94.

KBR (NYSE:KBRGet Rating) last released its quarterly earnings data on Thursday, April 28th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. KBR had a positive return on equity of 23.14% and a negative net margin of 1.32%. KBR’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. As a group, sell-side analysts anticipate that KBR, Inc. will post 2.61 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.92%. The ex-dividend date was Tuesday, June 14th. KBR’s payout ratio is -64.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KBR shares. StockNews.com started coverage on KBR in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup reduced their price objective on KBR from $65.00 to $60.00 in a research note on Friday, July 22nd. KeyCorp boosted their price objective on KBR from $55.00 to $66.00 in a research note on Thursday, April 14th. TheStreet cut KBR from a “b+” rating to a “c” rating in a research note on Wednesday, May 11th. Finally, Credit Suisse Group set a $66.00 price target on KBR in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.00.

Insiders Place Their Bets

In other KBR news, CFO Mark W. Sopp acquired 1,050 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $47.74 per share, for a total transaction of $50,127.00. Following the completion of the transaction, the chief financial officer now owns 118,497 shares of the company’s stock, valued at approximately $5,657,046.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Mark W. Sopp bought 1,100 shares of the stock in a transaction on Friday, May 20th. The shares were bought at an average price of $45.99 per share, with a total value of $50,589.00. Following the completion of the acquisition, the chief financial officer now owns 117,447 shares of the company’s stock, valued at $5,401,387.53. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Sopp bought 1,050 shares of the stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $47.74 per share, for a total transaction of $50,127.00. Following the acquisition, the chief financial officer now directly owns 118,497 shares of the company’s stock, valued at approximately $5,657,046.78. The disclosure for this purchase can be found here. 0.91% of the stock is currently owned by company insiders.

KBR Company Profile

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KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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