KBR, Inc. (NYSE:KBR) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its holdings in shares of KBR, Inc. (NYSE:KBR) by 81.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,045 shares of the construction company’s stock after buying an additional 26,038 shares during the period. KBR makes up 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 24th largest position. Dynamic Technology Lab Private Ltd’s holdings in KBR were worth $3,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its holdings in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares in the last quarter. CWM LLC raised its holdings in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after buying an additional 316 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of KBR by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after buying an additional 335 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of KBR by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock valued at $1,082,000 after buying an additional 422 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on KBR shares. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. KeyCorp increased their price target on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.14.

KBR Trading Up 2.5 %

Shares of NYSE:KBR opened at $61.76 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $50.45 and a 12-month high of $72.60. The business has a 50 day moving average of $66.21 and a two-hundred day moving average of $65.54. The company has a market capitalization of $8.23 billion, a PE ratio of 25.95, a PEG ratio of 1.23 and a beta of 0.89.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. As a group, analysts forecast that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

KBR Profile

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.