Zions Bancorporation acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,302 shares of the construction company’s stock, valued at approximately $113,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of KBR by 47.9% during the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after purchasing an additional 6,956,217 shares in the last quarter. BlackRock Inc. raised its stake in shares of KBR by 12.6% during the 2nd quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock worth $235,167,000 after purchasing an additional 1,726,589 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of KBR by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after purchasing an additional 334,896 shares in the last quarter. Huber Capital Management LLC raised its stake in shares of KBR by 0.7% during the 2nd quarter. Huber Capital Management LLC now owns 8,330,385 shares of the construction company’s stock worth $126,788,000 after purchasing an additional 61,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of KBR by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,890,996 shares of the construction company’s stock worth $87,452,000 after purchasing an additional 24,652 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.

Shares of KBR, Inc. (KBR) traded down $0.53 during mid-day trading on Friday, hitting $18.50. The company had a trading volume of 1,490,800 shares, compared to its average volume of 2,036,511. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30. KBR, Inc. has a 1-year low of $13.36 and a 1-year high of $21.25. The company has a market cap of $2,676.92, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) EPS. sell-side analysts predict that KBR, Inc. will post 1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is currently 62.75%.

A number of research analysts recently weighed in on the company. Deutsche Bank raised their price objective on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. DA Davidson downgraded KBR from a “buy” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research note on Wednesday, November 1st. Zacks Investment Research raised KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of KBR in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.00.

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KBR Company Profile

KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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