Mercer Global Advisors Inc. ADV Buys Shares of 5,721 KBR, Inc. (NYSE:KBR)

Mercer Global Advisors Inc. ADV bought a new stake in KBR, Inc. (NYSE:KBR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,721 shares of the construction company’s stock, valued at approximately $367,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in KBR by 17.5% in the 2nd 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 last quarter. CWM LLC boosted its holdings in KBR by 39.4% in the 2nd 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 last quarter. Harbour Capital Advisors LLC boosted its holdings in KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares during the last quarter. Blue Trust Inc. boosted its holdings in KBR by 27.7% in the 2nd 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 last quarter. Finally, Rise Advisors LLC acquired a new position in shares of KBR in the 1st quarter worth approximately $25,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KBR

In related 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 value of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.

KBR Trading Down 0.7 %

Shares of NYSE:KBR opened at $64.18 on Monday. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $69.50. The company’s 50 day moving average is $65.18 and its two-hundred day moving average is $64.59. 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 company has a market cap of $8.62 billion, a PE ratio of -33.43, a P/E/G ratio of 1.32 and a beta of 0.90.

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

KBR Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and issued a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. StockNews.com upgraded shares of KBR from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, KBR currently has a consensus rating of “Buy” and an average target price of $75.50.

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.