3,138 Shares in KBR, Inc. (NYSE:KBR) Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in KBR, Inc. (NYSE:KBR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,138 shares of the construction company’s stock, valued at approximately $221,000.

A number of other large investors have also added to or reduced their stakes in the company. Qsemble Capital Management LP purchased a new stake in KBR in the first quarter valued at about $868,000. Boston Partners boosted its stake in KBR by 49.4% in the 1st quarter. Boston Partners now owns 84,965 shares of the construction company’s stock worth $5,410,000 after purchasing an additional 28,091 shares in the last quarter. Comerica Bank grew its position in KBR by 27.5% during the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock worth $4,620,000 after purchasing an additional 15,651 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in KBR by 465.3% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,080 shares of the construction company’s stock valued at $1,342,000 after purchasing an additional 17,351 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of KBR by 21.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 71,144 shares of the construction company’s stock worth $4,529,000 after buying an additional 12,792 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KBR shares. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. DA Davidson increased their price target on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, October 25th. UBS Group lifted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and an average target price of $78.88.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is currently owned by insiders.

KBR Stock Up 0.4 %

KBR opened at $67.29 on Friday. The company has a fifty day moving average of $66.29 and a two-hundred day moving average of $65.51. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.36 and a beta of 0.90. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $71.38. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

KBR Company 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.