KBR, Inc. (NYSE:KBR) Stake Trimmed by ING Groep NV

ING Groep NV cut its position in shares of KBR, Inc. (NYSE:KBR) by 80.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 22,800 shares of the construction company’s stock after selling 93,200 shares during the period. ING Groep NV’s holdings in KBR were worth $1,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares during the period. CWM LLC boosted its position in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Blue Trust Inc. grew its stake in KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of KBR by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after purchasing an additional 422 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Down 2.5 %

KBR stock opened at $58.65 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a fifty-two week low of $50.45 and a fifty-two week high of $72.60. The firm has a fifty day moving average price of $66.43 and a two-hundred day moving average price of $65.81. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.17 and a beta of 0.89.

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

KBR Dividend Announcement

The business also recently announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is currently 25.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KBR shares. Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp increased 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. UBS Group lifted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. DA Davidson increased their target price on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.14.

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.