Prosperity Financial Group Inc. Acquires 918 Shares of KBR, Inc. (NYSE:KBR)

Prosperity Financial Group Inc. grew its holdings in KBR, Inc. (NYSE:KBR) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,623 shares of the construction company’s stock after purchasing an additional 918 shares during the quarter. Prosperity Financial Group Inc.’s holdings in KBR were worth $384,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pier 88 Investment Partners LLC boosted 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 worth $3,303,000 after acquiring an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. bought a new position in KBR during the 4th quarter worth approximately $47,022,000. Proficio Capital Partners LLC bought a new position in KBR during the 4th quarter worth approximately $1,131,000. GSA Capital Partners LLP bought a new position in KBR during the 3rd quarter worth approximately $771,000. Finally, Franklin Resources Inc. boosted its stake in KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KBR shares. KeyCorp reduced their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group cut their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Citigroup cut their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Price Performance

NYSE KBR opened at $50.86 on Wednesday. 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 12-month low of $47.16 and a 12-month high of $72.60. The company has a market capitalization of $6.74 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The firm’s 50 day moving average is $54.33 and its 200-day moving average is $60.55.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. Equities research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. KBR’s dividend payout ratio (DPR) is 23.57%.

About KBR

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.