Pembroke Management LTD Increases Position in KBR, Inc. $KBR

Pembroke Management LTD grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 9.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 240,806 shares of the construction company’s stock after buying an additional 19,995 shares during the period. KBR accounts for 1.4% of Pembroke Management LTD’s portfolio, making the stock its 28th largest position. Pembroke Management LTD’s holdings in KBR were worth $11,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Voya Investment Management LLC grew its position in KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock valued at $1,001,000 after acquiring an additional 241 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after purchasing an additional 266 shares during the period. US Bancorp DE grew its holdings in shares of KBR by 13.5% in the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock worth $113,000 after purchasing an additional 268 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of KBR by 37.5% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after purchasing an additional 298 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of KBR by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock worth $1,858,000 after purchasing an additional 300 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KBR shares. Stifel Nicolaus lifted their price objective on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 1st. Truist Financial set a $62.00 price target on shares of KBR in a research note on Thursday, October 30th. Citigroup reduced their price objective on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Bank of America downgraded KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. Finally, Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.67.

KBR Stock Performance

Shares of KBR stock opened at $42.39 on Tuesday. The company has a market capitalization of $5.38 billion, a PE ratio of 15.36, a P/E/G ratio of 0.85 and a beta of 0.68. The company has a 50-day simple moving average of $46.09 and a two-hundred day simple moving average of $48.94. KBR, Inc. has a one year low of $40.71 and a one year high of $72.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13.

KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. Research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. KBR’s dividend payout ratio is currently 22.68%.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.