Townsquare Capital LLC Raises Stake in KBR, Inc. (NYSE:KBR)

Townsquare Capital LLC lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 9.6% during the 3rd quarter, Holdings Channel reports. The fund owned 44,612 shares of the construction company’s stock after buying an additional 3,904 shares during the quarter. Townsquare Capital LLC’s holdings in KBR were worth $2,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empyrean Capital Partners LP acquired a new position in KBR in the 2nd quarter valued at about $47,274,000. D. E. Shaw & Co. Inc. lifted its holdings in KBR by 29.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after acquiring an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP grew its position in KBR by 37.1% in the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after acquiring an additional 507,800 shares during the period. Jennison Associates LLC increased its stake in KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Finally, Davidson Kempner Capital Management LP raised its position in KBR by 913.1% in the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock valued at $19,175,000 after purchasing an additional 269,448 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KBR shares. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Citigroup lifted their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price target on 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Stock Down 0.6 %

Shares of NYSE KBR opened at $60.83 on Friday. KBR, Inc. has a 12-month low of $51.33 and a 12-month high of $72.60. The stock has a market cap of $8.11 billion, a P/E ratio of 25.56, a PEG ratio of 1.22 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The business’s fifty day simple moving average is $66.08 and its 200-day simple moving average is $65.37.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business posted $0.75 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

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

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.