KBR, Inc. $KBR Shares Bought by Boston Partners

Boston Partners increased its holdings in KBR, Inc. (NYSE:KBR) by 25.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,506,603 shares of the construction company’s stock after acquiring an additional 1,122,076 shares during the quarter. Boston Partners owned approximately 4.27% of KBR worth $264,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in KBR by 1.2% during the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after buying an additional 241 shares during the last quarter. Bessemer Group Inc. increased its position in shares of KBR by 75.8% in the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after buying an additional 266 shares in the last quarter. US Bancorp DE increased its holdings in KBR by 13.5% during the 1st quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock valued at $113,000 after acquiring an additional 268 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of KBR by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after purchasing an additional 298 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of KBR by 15.2% in the second 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 last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective 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. DA Davidson cut their price objective on KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Citigroup decreased 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. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.00.

KBR Trading Up 0.0%

NYSE:KBR opened at $40.76 on Thursday. KBR, Inc. has a 12-month low of $39.61 and a 12-month high of $62.14. The firm has a market capitalization of $5.18 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.85 and a beta of 0.68. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $44.10 and a 200 day simple moving average of $47.94.

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

KBR Announces Dividend

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

About KBR

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.