KBR, Inc. $KBR Stock: CenterBook Partners LP Reduces Stake

CenterBook Partners LP trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 59.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,598 shares of the construction company’s stock after selling 38,935 shares during the quarter. CenterBook Partners LP’s holdings in KBR were worth $935,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Energy Income Partners LLC purchased a new position in shares of KBR in the 2nd quarter valued at $6,704,000. Amundi lifted its stake in shares of KBR by 422.3% during the 2nd quarter. Amundi now owns 676,464 shares of the construction company’s stock worth $23,358,000 after purchasing an additional 546,940 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of KBR during the 2nd quarter worth $5,902,000. Nierenberg Investment Management Company LLC purchased a new stake in shares of KBR during the 2nd quarter worth $13,343,877. Finally, Edgestream Partners L.P. boosted its position in KBR by 312.9% during the first quarter. Edgestream Partners L.P. now owns 112,321 shares of the construction company’s stock valued at $4,140,000 after purchasing an additional 85,120 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup cut their target price on KBR from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. UBS Group increased their price target on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Bank of America lowered their price target on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Finally, Wells Fargo & Company lifted their price objective on shares of KBR from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.83.

KBR Stock Performance

Shares of KBR opened at $38.88 on Wednesday. KBR, Inc. has a 12 month low of $29.94 and a 12 month high of $45.37. The stock has a fifty day moving average price of $36.75 and a 200-day moving average price of $37.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.12. The firm has a market cap of $4.90 billion, a PE ratio of 11.17, a P/E/G ratio of 2.09 and a beta of 0.42.

KBR (NYSE:KBR) last announced its earnings results on Thursday, October 29th. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. KBR had a return on equity of 31.66% and a net margin of 5.65%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts predict that KBR, Inc. will post 4.01 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1650 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.7%. KBR’s payout ratio is presently 18.97%.

KBR Profile

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.