KBR, Inc. (NYSE:KBR) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in KBR, Inc. (NYSE:KBR) by 376.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,193 shares of the construction company’s stock after acquiring an additional 40,449 shares during the quarter. Exchange Traded Concepts LLC’s holdings in KBR were worth $3,334,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KBR. Congress Asset Management Co. MA boosted its position in shares of KBR by 31.8% in the fourth quarter. Congress Asset Management Co. MA now owns 97,441 shares of the construction company’s stock worth $5,399,000 after buying an additional 23,534 shares during the period. Vanguard Group Inc. increased its stake in shares of KBR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares during the period. Nomura Holdings Inc. bought a new position in shares of KBR in the fourth quarter worth about $11,065,000. Rise Advisors LLC bought a new position in shares of KBR in the first quarter worth about $25,000. Finally, CIC Wealth LLC bought a new position in KBR during the first quarter valued at about $509,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KBR shares. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson reissued a “buy” rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. Finally, KeyCorp boosted their price objective on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.75.

KBR Price Performance

KBR opened at $69.49 on Tuesday. The stock has a market cap of $9.33 billion, a P/E ratio of -36.19, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $69.59. The company has a fifty day simple moving average of $65.45 and a 200 day simple moving average of $65.07.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, research analysts expect that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. KBR’s dividend payout ratio is -31.25%.

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.