Versor Investments LP Invests $216,000 in KBR, Inc. (NYSE:KBR)

Versor Investments LP purchased a new position in shares of KBR, Inc. (NYSE:KBRGet Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,946 shares of the construction company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. increased its position in KBR by 3.8% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 171,140 shares of the construction company’s stock worth $9,366,000 after purchasing an additional 6,268 shares in the last quarter. FDx Advisors Inc. increased its position in KBR by 4.8% during the 1st quarter. FDx Advisors Inc. now owns 6,299 shares of the construction company’s stock worth $345,000 after purchasing an additional 288 shares in the last quarter. National Asset Management Inc. increased its position in KBR by 2.6% during the 1st quarter. National Asset Management Inc. now owns 32,564 shares of the construction company’s stock worth $1,783,000 after purchasing an additional 832 shares in the last quarter. Brandywine Oak Private Wealth LLC increased its position in KBR by 13.3% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 6,041 shares of the construction company’s stock worth $330,000 after purchasing an additional 707 shares in the last quarter. Finally, WBI Investments Inc. increased its position in KBR by 95.6% during the 1st quarter. WBI Investments Inc. now owns 38,847 shares of the construction company’s stock worth $1,983,000 after purchasing an additional 18,983 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on KBR. TheStreet cut shares of KBR from a “b+” rating to a “c” rating in a research report on Wednesday, May 11th. Credit Suisse Group set a $66.00 price target on shares of KBR in a research report on Tuesday, July 19th. KeyCorp upped their price target on shares of KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. Finally, Citigroup decreased their price target on shares of KBR from $65.00 to $60.00 in a research report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Insider Transactions at KBR

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

KBR Trading Up 1.6 %

KBR opened at $53.23 on Monday. KBR, Inc. has a twelve month low of $36.71 and a twelve month high of $56.94. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average of $48.62 and a 200-day moving average of $49.11. The stock has a market cap of $7.43 billion, a PE ratio of -70.97 and a beta of 1.24.

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

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, June 14th. KBR’s dividend payout ratio (DPR) is presently -64.00%.

About KBR

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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.

Further Reading

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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