KBR, Inc. $KBR Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its holdings in KBR, Inc. (NYSE:KBR) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,888 shares of the construction company’s stock after purchasing an additional 19,872 shares during the period. Wedge Capital Management L L P NC owned about 0.08% of KBR worth $4,582,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KBR. EverSource Wealth Advisors LLC lifted its holdings in shares of KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after purchasing an additional 493 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of KBR by 75.8% in the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after buying an additional 266 shares during the period. Byrne Asset Management LLC acquired a new position in KBR in the 2nd quarter worth approximately $41,000. GAMMA Investing LLC raised its stake in KBR by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after purchasing an additional 298 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of KBR by 98.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock worth $59,000 after buying an additional 608 shares during the period. 97.02% of the stock is owned by institutional investors.

KBR Trading Down 0.3%

Shares of NYSE:KBR opened at $40.17 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $5.10 billion, a PE ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 0.54. KBR, Inc. has a 1 year low of $39.61 and a 1 year high of $60.98. The firm has a fifty day moving average price of $42.52 and a 200 day moving average price of $46.57.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. KBR’s payout ratio is presently 22.68%.

Analyst Upgrades and Downgrades

KBR has been the topic of several recent analyst reports. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company initiated coverage on KBR in a report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price on the stock. Citigroup decreased their price target on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Finally, Bank of America lowered their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, KBR presently has an average rating of “Hold” and an average price target of $58.00.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.