Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in KBR, Inc. (NYSE:KBR)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in KBR, Inc. (NYSE:KBR) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,102 shares of the construction company’s stock after purchasing an additional 2,452 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KBR were worth $2,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KBR. Larson Financial Group LLC increased its position 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 buying an additional 487 shares in the last quarter. CWM LLC boosted its position in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP grew its stake in KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares during the period. Eastern Bank acquired a new position in KBR in the 3rd quarter valued at $65,000. Finally, Fifth Third Bancorp boosted its holdings in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing 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 opened at $60.86 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. The company has a 50-day moving average of $66.01 and a 200-day moving average of $65.33. The company has a market capitalization of $8.11 billion, a P/E ratio of 25.57, a PEG ratio of 1.21 and a beta of 0.84.

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, meeting the consensus estimate of $0.84. The firm 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%. KBR’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equities analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Citigroup upped their price target 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. KeyCorp lifted their price target on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group upped their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.