KBR, Inc. (NYSE:KBR) Stake Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of KBR, Inc. (NYSE:KBR) by 8.6% in the 3rd quarter, Holdings Channel reports. The fund owned 31,102 shares of the construction company’s stock after buying an additional 2,452 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KBR were worth $2,026,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Larson Financial Group LLC grew its position in KBR by 2,029.2% in the 2nd 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 boosted its position in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the period. Quarry LP grew its stake in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank bought a new stake in KBR during the third quarter worth approximately $65,000. Finally, Fifth Third Bancorp lifted its holdings in KBR by 17.5% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

KBR stock opened at $60.86 on Wednesday. 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 stock has a market cap of $8.11 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. KBR, Inc. has a 1 year low of $51.60 and a 1 year high of $72.60. The stock has a 50-day moving average price of $66.01 and a two-hundred day moving average price of $65.33.

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, hitting analysts’ consensus estimates of $0.84. The company 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 prior year, the business posted $0.75 EPS. Equities analysts forecast that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on KBR shares. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. Citigroup raised their price target 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, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and a consensus price target 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.