Intech Investment Management LLC Grows Stock Holdings in KBR, Inc. (NYSE:KBR)

by · The Cerbat Gem

Intech Investment Management LLC raised its stake in shares of KBR, Inc. (NYSE:KBR – Free Report) by 60.4% in the 3rd quarter, Holdings Channel reports. The fund owned 43,805 shares of the construction company’s stock after acquiring an additional 16,490 shares during the quarter. Intech Investment Management LLC’s holdings in KBR were worth $2,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC increased its stake in KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after buying an additional 231 shares during the period. Quarry LP raised its position in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the last quarter. Eastern Bank acquired a new stake in shares of KBR in the 3rd quarter worth $65,000. Finally, Fifth Third Bancorp boosted its holdings in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp increased their target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

Read Our Latest Stock Report on KBR

KBR Stock Up 2.5 %

KBR opened at $61.76 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.20 and a beta of 0.89. KBR, Inc. has a one year low of $50.45 and a one year high of $72.60. The business’s fifty day moving average is $66.21 and its two-hundred day moving average is $65.55.

KBR (NYSE:KBR – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. Analysts anticipate that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. KBR’s dividend payout ratio is currently 25.21%.

KBR Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBR – Free Report).