KBR, Inc. $KBR Stock Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in KBR, Inc. (NYSE:KBR) by 12.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 985,406 shares of the construction company’s stock after selling 141,812 shares during the quarter. Royce & Associates LP’s holdings in KBR were worth $34,647,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP increased its position in KBR by 98.2% during the second quarter. Allworth Financial LP now owns 789 shares of the construction company’s stock worth $27,000 after acquiring an additional 391 shares during the period. State of Michigan Retirement System raised its stake in KBR by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 30,511 shares of the construction company’s stock worth $1,125,000 after purchasing an additional 500 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in KBR by 48.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,570 shares of the construction company’s stock valued at $55,000 after purchasing an additional 511 shares during the period. Danske Bank A S boosted its holdings in KBR by 14.1% in the 3rd quarter. Danske Bank A S now owns 6,327 shares of the construction company’s stock valued at $222,000 after purchasing an additional 781 shares during the period. Finally, First Command Advisory Services Inc. boosted its holdings in KBR by 4,205.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 861 shares of the construction company’s stock valued at $30,000 after purchasing an additional 841 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America decreased their target price on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Oppenheimer dropped their price target on shares of KBR from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, September 22nd. UBS Group boosted their price target on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Citigroup cut their price target on KBR from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Wells Fargo & Company increased their price target on KBR from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.83.

KBR Price Performance

Shares of NYSE KBR traded up $0.18 during mid-day trading on Friday, reaching $35.50. The company had a trading volume of 2,079,000 shares, compared to its average volume of 1,988,411. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 0.94. KBR, Inc. has a one year low of $29.94 and a one year high of $45.37. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.91 and a beta of 0.42. The business’s 50-day simple moving average is $36.67 and its 200 day simple moving average is $36.90.

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

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be issued a $0.1650 dividend. This represents a $0.66 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 15th. KBR’s dividend payout ratio (DPR) is currently 18.97%.

KBR Company 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.