Envestnet Asset Management Inc. Purchases 2,376 Shares of KBR, Inc. $KBR

Envestnet Asset Management Inc. lifted its position in shares of KBR, Inc. (NYSE:KBR) by 4.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,859 shares of the construction company’s stock after buying an additional 2,376 shares during the quarter. Envestnet Asset Management Inc.’s holdings in KBR were worth $2,822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Voya Investment Management LLC raised its stake in KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after purchasing an additional 241 shares in the last quarter. US Bancorp DE raised its position in shares of KBR by 13.5% in the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock valued at $113,000 after buying an additional 268 shares in the last quarter. GAMMA Investing LLC grew its position in KBR by 37.5% during the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after buying an additional 298 shares in the last quarter. IFP Advisors Inc increased its stake in KBR by 15.2% during the 2nd quarter. IFP Advisors Inc now owns 2,653 shares of the construction company’s stock worth $127,000 after acquiring an additional 351 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in KBR by 1.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,957 shares of the construction company’s stock valued at $1,940,000 after acquiring an additional 390 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Down 0.5%

KBR opened at $42.03 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. KBR, Inc. has a fifty-two week low of $40.71 and a fifty-two week high of $62.14. The company’s 50 day moving average price is $45.50 and its two-hundred day moving average price is $48.64. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.85 and a beta of 0.68.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $525.00 million during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. KBR’s payout ratio is 22.68%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. DA Davidson reduced their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company began coverage on shares of KBR in a research report on Thursday. They set an “equal weight” rating and a $45.00 price objective for the company. Truist Financial set a $62.00 target price on KBR in a research note on Thursday, October 30th. Finally, Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.00.

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.