Connor Clark & Lunn Investment Management Ltd. Makes New $1.18 Million Investment in KBR, Inc. (NYSE:KBR)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of KBR, Inc. (NYSE:KBR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,064 shares of the construction company’s stock, valued at approximately $1,177,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pier 88 Investment Partners LLC grew its stake in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock valued at $3,303,000 after purchasing an additional 10,420 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of KBR during the third quarter worth approximately $771,000. Boston Partners increased 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 worth $5,410,000 after buying an additional 28,091 shares during the last quarter. Comerica Bank raised its holdings in 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 acquiring an additional 15,651 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in KBR during the 3rd quarter valued at $1,928,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KBR has been the topic of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. KeyCorp upped their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

KBR Stock Up 0.3 %

KBR stock opened at $61.59 on Wednesday. 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, Inc. has a one year low of $50.45 and a one year high of $72.60. The company has a 50-day simple moving average of $66.21 and a 200-day simple moving average of $65.50. The firm has a market capitalization of $8.21 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.23 and a beta of 0.89.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share 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 company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid 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 is currently 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.