KBR, Inc. (NYSE:KBR) Shares Bought by Algert Global LLC

Algert Global LLC boosted its holdings in shares of KBR, Inc. (NYSE:KBR) by 82.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,019 shares of the construction company’s stock after acquiring an additional 47,920 shares during the quarter. Algert Global LLC owned about 0.08% of KBR worth $6,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC increased its stake in KBR by 25.9% during the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after acquiring an additional 10,420 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of KBR in the third quarter valued at $771,000. Boston Partners grew its stake in shares of KBR by 49.4% in the first quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after buying an additional 28,091 shares in the last quarter. Comerica Bank grew its stake in shares of KBR by 27.5% in the first quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after buying an additional 15,651 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of KBR in the third quarter valued at $1,928,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 2.5 %

NYSE:KBR opened at $61.76 on Friday. The firm has a market cap of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. The stock has a fifty day moving average price of $66.21 and a 200 day moving average price of $65.55. KBR, Inc. has a 12-month low of $50.45 and a 12-month high of $72.60. 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 (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. Sell-side analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Announces Dividend

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

Analyst Ratings Changes

KBR has been the subject of a number of research reports. KeyCorp lifted their price objective on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.14.

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.