Dynasty Wealth Management LLC Makes New Investment in KBR, Inc. (NYSE:KBR)

Dynasty Wealth Management LLC purchased a new position in KBR, Inc. (NYSE:KBR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,722 shares of the construction company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after purchasing an additional 1,307,033 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in KBR in the 4th quarter valued at about $47,022,000. Jennison Associates LLC grew its stake in KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Franklin Resources Inc. grew its stake in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in KBR by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock valued at $51,099,000 after acquiring an additional 218,853 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 1.5 %

Shares of NYSE:KBR opened at $49.02 on Friday. The stock’s 50-day moving average price is $55.33 and its two-hundred day moving average price is $61.40. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. On average, research analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

Analyst Upgrades and Downgrades

KBR has been the topic of several research reports. The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen decreased their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. Finally, Citigroup decreased their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.88.

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.