Copeland Capital Management LLC Purchases Shares of 711,907 KBR, Inc. $KBR

Copeland Capital Management LLC purchased a new stake in KBR, Inc. (NYSE:KBR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 711,907 shares of the construction company’s stock, valued at approximately $33,666,000. Copeland Capital Management LLC owned about 0.55% of KBR as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KBR. EverSource Wealth Advisors LLC lifted its holdings in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after purchasing an additional 493 shares in the last quarter. Bessemer Group Inc. raised its position in shares of KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after buying an additional 266 shares during the period. Byrne Asset Management LLC acquired a new position in shares of KBR in the 2nd quarter valued at $41,000. GAMMA Investing LLC lifted its position in KBR by 37.5% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after buying an additional 298 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in KBR by 98.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after purchasing an additional 608 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Performance

KBR stock opened at $40.21 on Tuesday. The stock has a 50 day moving average of $42.14 and a 200-day moving average of $46.12. The stock has a market cap of $5.11 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54. KBR, Inc. has a 52 week low of $39.52 and a 52 week high of $60.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74.

KBR (NYSE:KBR) last posted 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 return on equity of 35.14% and a net margin of 4.71%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue was down .3% compared to the same quarter last year. On average, analysts expect 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 $0.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.6%. KBR’s dividend payout ratio (DPR) is 22.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KBR shares. Wells Fargo & Company started coverage on shares of KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 target price on the stock. Truist Financial lowered their target price on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Citigroup cut their price objective on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $58.00.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.