Hillsdale Investment Management Inc. Purchases 15,800 Shares of KBR, Inc. $KBR

Hillsdale Investment Management Inc. boosted its position in shares of KBR, Inc. (NYSE:KBR) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,200 shares of the construction company’s stock after acquiring an additional 15,800 shares during the period. Hillsdale Investment Management Inc. owned 0.06% of KBR worth $3,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. lifted 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 worth $30,000 after purchasing an additional 266 shares during the last quarter. Jones Financial Companies Lllp increased its position in KBR by 6.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock worth $227,000 after buying an additional 289 shares during the period. Merit Financial Group LLC lifted its holdings in shares of KBR by 7.3% during the third quarter. Merit Financial Group LLC now owns 4,955 shares of the construction company’s stock worth $234,000 after buying an additional 337 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after acquiring an additional 401 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in shares of KBR by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 42,171 shares of the construction company’s stock worth $2,022,000 after acquiring an additional 481 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Oppenheimer started coverage on shares of KBR in a report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price objective on the stock. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America lowered their price target on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Finally, Truist Financial reduced their price objective on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.00.

KBR Stock Performance

NYSE:KBR opened at $42.75 on Monday. KBR, Inc. has a 12-month low of $39.43 and a 12-month high of $56.78. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $5.43 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The firm has a 50-day moving average price of $42.46 and a 200 day moving average price of $44.67.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. KBR’s dividend payout ratio is presently 22.68%.

KBR 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.