Ionic Capital Management LLC Sells 13,500 Shares of KBR, Inc. (NYSE:KBR)

Ionic Capital Management LLC lessened its holdings in KBR, Inc. (NYSE:KBR) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,960 shares of the construction company’s stock after selling 13,500 shares during the quarter. KBR accounts for 0.6% of Ionic Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Ionic Capital Management LLC’s holdings in KBR were worth $3,384,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in KBR by 0.4% during the third quarter. HighTower Advisors LLC now owns 308,622 shares of the construction company’s stock valued at $20,118,000 after acquiring an additional 1,305 shares during the period. Centiva Capital LP lifted its stake in KBR by 58.1% during the third quarter. Centiva Capital LP now owns 25,089 shares of the construction company’s stock valued at $1,634,000 after buying an additional 9,222 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of KBR by 150.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,430 shares of the construction company’s stock worth $419,000 after purchasing an additional 3,863 shares in the last quarter. True Wealth Design LLC bought a new position in shares of KBR in the third quarter worth about $26,000. Finally, Scopia Capital Management LP raised its position in KBR by 41.5% in the third quarter. Scopia Capital Management LP now owns 338,206 shares of the construction company’s stock worth $22,027,000 after purchasing an additional 99,208 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KBR shares. UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. 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. TD Cowen lowered 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. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, KeyCorp lifted their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Performance

Shares of NYSE KBR opened at $61.06 on Tuesday. The business’s 50-day simple moving average is $66.08 and its 200-day simple moving average is $65.36. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.21 and a beta of 0.84. KBR, Inc. has a 52 week low of $51.60 and a 52 week high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period 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. As a group, equities research analysts expect that KBR, Inc. will post 3.27 earnings per share 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 issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. 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.