Segall Bryant & Hamill LLC Has $47.61 Million Position in KBR, Inc. (NYSE:KBR)

Segall Bryant & Hamill LLC trimmed its position in shares of KBR, Inc. (NYSE:KBR) by 26.3% during the third quarter, HoldingsChannel.com reports. The firm owned 730,950 shares of the construction company’s stock after selling 261,393 shares during the period. KBR makes up approximately 0.6% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 25th biggest holding. Segall Bryant & Hamill LLC’s holdings in KBR were worth $47,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KBR. Jacobs Levy Equity Management Inc. raised its holdings in KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after buying an additional 1,148,503 shares during the last quarter. Empyrean Capital Partners LP bought a new position in shares of KBR during the second quarter valued at $47,274,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of KBR by 29.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after purchasing an additional 520,207 shares during the period. Wolf Hill Capital Management LP grew its stake in shares of KBR by 37.1% in the second 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 during the last quarter. Finally, Davidson Kempner Capital Management LP increased its holdings in KBR by 913.1% in the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock valued at $19,175,000 after purchasing an additional 269,448 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Trading Up 0.2 %

NYSE KBR opened at $58.29 on Wednesday. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60. The business has a 50 day moving average price of $66.31 and a 200-day moving average price of $65.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 1.17 and a beta of 0.89.

KBR (NYSE:KBR) last released 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. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts expect that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. KBR’s dividend payout ratio (DPR) is currently 25.21%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KBR. KeyCorp increased their price objective on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday. 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. Finally, UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Company 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.