FORA Capital LLC Buys New Shares in KBR, Inc. (NYSE:KBR)

FORA Capital LLC bought a new stake in shares of KBR, Inc. (NYSE:KBR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,169 shares of the construction company’s stock, valued at approximately $337,000.

A number of other large investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of KBR by 1.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after buying an additional 300 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of KBR during the 3rd quarter valued at $504,000. Bridgewater Associates LP purchased a new position in shares of KBR during the 3rd quarter valued at $511,000. Townsquare Capital LLC lifted its stake in shares of KBR by 9.6% during the 3rd quarter. Townsquare Capital LLC now owns 44,612 shares of the construction company’s stock valued at $2,906,000 after buying an additional 3,904 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of KBR by 32.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,686 shares of the construction company’s stock valued at $3,041,000 after buying an additional 11,392 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on KBR shares. Citigroup boosted their price target 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. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. KeyCorp boosted their price target on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Finally, UBS Group boosted their price target 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Performance

KBR stock opened at $60.83 on Friday. The company’s 50-day moving average price is $66.13 and its 200-day moving average price is $65.41. KBR, Inc. has a twelve month low of $51.33 and a twelve month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $8.11 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. On average, equities research analysts forecast that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.99%. KBR’s payout ratio is 25.21%.

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.