PNC Financial Services Group Inc. Sells 6,226 Shares of KBR, Inc. (NYSE:KBR)

PNC Financial Services Group Inc. reduced its position in shares of KBR, Inc. (NYSE:KBR) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,876 shares of the construction company’s stock after selling 6,226 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KBR were worth $1,229,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares during the period. CWM LLC increased 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 valued at $52,000 after purchasing an additional 231 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of KBR by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBR shares. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday, September 6th. UBS Group upped their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. KeyCorp lifted their target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Down 0.6 %

KBR stock opened at $61.19 on Thursday. The company has a market cap of $8.15 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60. The business has a 50-day simple moving average of $66.20 and a 200 day simple moving average of $65.47.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. KBR’s 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.