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

Intech Investment Management LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 60.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,805 shares of the construction company’s stock after purchasing an additional 16,490 shares during the period. Intech Investment Management LLC’s holdings in KBR were worth $2,853,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Jacobs Levy Equity Management Inc. lifted its holdings in KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after buying an additional 1,148,503 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of KBR during the second quarter worth $47,274,000. D. E. Shaw & Co. Inc. raised its stake in shares of 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 in the last quarter. Wolf Hill Capital Management LP grew its stake in KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after purchasing an additional 507,800 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after purchasing an additional 353,209 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KBR shares. DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup increased their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp boosted their target price 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. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Price Performance

Shares of NYSE:KBR opened at $61.76 on Friday. KBR, Inc. has a 12 month low of $50.45 and a 12 month high of $72.60. The firm has a market capitalization of $8.23 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.20 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average price is $66.21 and its 200 day moving average price is $65.55.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion for 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 business’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 earnings per share. As a group, sell-side analysts predict that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.97%. KBR’s dividend payout ratio (DPR) is presently 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.