AlphaQuest LLC Sells 12,793 Shares of KBR, Inc. $KBR

AlphaQuest LLC reduced its holdings in KBR, Inc. (NYSE:KBR) by 79.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,302 shares of the construction company’s stock after selling 12,793 shares during the quarter. AlphaQuest LLC’s holdings in KBR were worth $158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBR. GAMMA Investing LLC lifted its holdings in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock worth $40,000 after buying an additional 594 shares during the period. Principal Financial Group Inc. raised its position in shares of KBR by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company’s stock worth $15,298,000 after acquiring an additional 1,343 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of KBR by 697.0% in the 1st quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 23,887 shares during the period. Cetera Investment Advisers boosted its position in shares of KBR by 22.1% during the first quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock valued at $421,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in KBR by 11.7% in the first quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company’s stock worth $919,000 after purchasing an additional 1,938 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Stock Down 2.8%

KBR stock opened at $41.64 on Tuesday. KBR, Inc. has a 12 month low of $40.71 and a 12 month high of $72.60. The stock has a fifty day simple moving average of $46.96 and a two-hundred day simple moving average of $49.26. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.85 and a beta of 0.68.

KBR (NYSE:KBR) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the firm posted $0.84 earnings per share. KBR’s revenue was down .3% compared to the same quarter last year. Equities analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. KBR’s payout ratio is presently 22.68%.

Analysts Set New Price Targets

Several brokerages have commented on KBR. DA Davidson lowered their price objective on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Stifel Nicolaus lifted their price target on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of KBR from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup decreased their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, KBR currently has a consensus rating of “Hold” and an average price target of $61.67.

KBR Company 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.