Envestnet Asset Management Inc. Purchases 61,983 Shares of KBR, Inc. $KBR

Envestnet Asset Management Inc. grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 105.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,842 shares of the construction company’s stock after buying an additional 61,983 shares during the period. Envestnet Asset Management Inc. owned 0.09% of KBR worth $5,715,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price objective for the company. Citigroup lowered their price target on KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Wall Street Zen raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday. Oppenheimer started coverage on shares of KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Five 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, KBR currently has a consensus rating of “Hold” and a consensus target price of $57.00.

KBR Stock Performance

Shares of NYSE KBR opened at $42.75 on Friday. The firm’s 50-day moving average price is $42.46 and its 200-day moving average price is $44.70. KBR, Inc. has a 52-week low of $39.43 and a 52-week high of $56.78. The company has a market cap of $5.43 billion, a PE ratio of 14.69, a PEG ratio of 1.05 and a beta of 0.51. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors 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 annualized dividend and a dividend yield of 1.5%. KBR’s 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.