R Squared Ltd Raises Position in KBR, Inc. (NYSE:KBR)

R Squared Ltd increased its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 312.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,430 shares of the construction company's stock after purchasing an additional 5,630 shares during the period. R Squared Ltd's holdings in KBR were worth $370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its stake in KBR by 10.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock worth $128,517,000 after purchasing an additional 218,327 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of KBR by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock worth $126,452,000 after buying an additional 130,535 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of KBR by 240.2% during the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after buying an additional 1,167,282 shares during the last quarter. Wolf Hill Capital Management LP raised its position in shares of KBR by 7.3% in the 4th quarter. Wolf Hill Capital Management LP now owns 1,621,297 shares of the construction company's stock worth $93,922,000 after buying an additional 110,681 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after acquiring an additional 1,018,539 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a report on Tuesday, May 27th. DA Davidson dropped their target price on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Finally, Stifel Nicolaus boosted their price objective on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.75.

Insiders Place Their Bets

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by insiders.

KBR Stock Performance

Shares of NYSE:KBR opened at $46.48 on Friday. The business's 50-day simple moving average is $49.21 and its 200 day simple moving average is $51.30. The company has a market cap of $6.03 billion, a P/E ratio of 16.84, a PEG ratio of 0.90 and a beta of 0.76. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.11 and a current ratio of 1.13. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, June 13th. KBR's dividend payout ratio is presently 22.07%.

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.

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