218,052 Shares in KBR, Inc. $KBR Bought by Trek Financial LLC

Trek Financial LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 218,052 shares of the construction company’s stock, valued at approximately $7,667,000. Trek Financial LLC owned about 0.17% of KBR at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of KBR during the 2nd quarter valued at $479,892,000. Engine Capital Management LP increased its holdings in KBR by 1,129.3% in the 1st quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company’s stock worth $56,444,000 after purchasing an additional 1,406,746 shares in the last quarter. Bank of New York Mellon Corp bought a new position in KBR in the second quarter valued at about $32,044,000. Bank of America Corp DE bought a new position in KBR in the second quarter valued at about $19,389,000. Finally, Amundi boosted its stake in shares of KBR by 422.3% during the second quarter. Amundi now owns 676,464 shares of the construction company’s stock valued at $23,358,000 after purchasing an additional 546,940 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Bank of America lowered their price objective on KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Oppenheimer reduced their target price on shares of KBR from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, September 22nd. Wells Fargo & Company set a $40.00 target price on shares of KBR in a report on Monday. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, UBS Group raised their price target on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, KBR presently has an average rating of “Hold” and an average target price of $44.83.

KBR Trading Down 0.1%

NYSE:KBR opened at $38.65 on Monday. The firm has a market cap of $4.87 billion, a P/E ratio of 11.11, a P/E/G ratio of 2.10 and a beta of 0.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 0.94. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $45.37. The firm’s fifty day moving average is $36.62 and its 200-day moving average is $37.21.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.04 billion. KBR had a net margin of 5.65% and a return on equity of 31.66%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Equities analysts expect that KBR, Inc. will post 3.99 earnings per share for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th will be paid a $0.1650 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. KBR’s payout ratio is currently 18.97%.

KBR Profile

KBR, Inc is a global engineering, science and technology company that provides solutions to government and commercial customers. Its services include program management, engineering and integration, consulting, mission operations, logistics, cybersecurity, digital transformation and technical support.

Through its Government Solutions business, KBR supports defense, intelligence, space, civil government and national security programs. The company provides mission support, research and development, systems engineering, training, operations and maintenance services to government agencies and other public-sector customers.

KBR’s Sustainable Technology Solutions business serves energy, chemicals and industrial customers with technology licensing, engineering, project delivery and consulting services.