Quantbot Technologies LP Buys 14,491 Shares of KBR, Inc. (NYSE:KBR)

Quantbot Technologies LP lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 22.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,183 shares of the construction company’s stock after acquiring an additional 14,491 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of KBR worth $5,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in 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 increased 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 in the last quarter. Quarry LP boosted its holdings in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank acquired a new stake in KBR in the third quarter valued at approximately $65,000. Finally, Fifth Third Bancorp increased 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 valued at $77,000 after acquiring an additional 179 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Up 0.3 %

Shares of NYSE:KBR opened at $61.59 on Wednesday. The company has a market capitalization of $8.21 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. KBR, Inc. has a 1 year low of $50.45 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average price of $66.21 and a two-hundred day moving average price of $65.50.

KBR (NYSE:KBR) last posted 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.97%. KBR’s payout ratio is 25.21%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. 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. KeyCorp lifted their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group raised their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, Citigroup raised their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and a consensus target price 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.