Mutual of America Capital Management LLC Sells 13,051 Shares of KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC decreased its holdings in KBR, Inc. (NYSE:KBR) by 10.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 113,431 shares of the construction company’s stock after selling 13,051 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KBR were worth $7,388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC raised its position 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 last quarter. Quarry LP lifted its stake in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank purchased a new position in KBR during the 3rd quarter worth $65,000. Finally, Fifth Third Bancorp grew its stake in shares of KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

KBR has been the topic of a number of recent analyst reports. DA Davidson raised their price target on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup lifted their target price on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp increased their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Stock Down 0.8 %

KBR stock opened at $58.17 on Tuesday. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.17 and a beta of 0.89. 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 stock has a fifty day moving average of $66.36 and a 200-day moving average of $65.75. KBR, Inc. has a fifty-two week low of $50.45 and a fifty-two week high of $72.60.

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

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio 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.