Trek Financial LLC Purchases 218,052 Shares of KBR, Inc. $KBR

Trek Financial LLC bought a new position in KBR, Inc. (NYSE:KBR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 218,052 shares of the construction company’s stock, valued at approximately $7,667,000.

Several other large investors have also bought and sold shares of the stock. Anchor Investment Management LLC lifted its position in shares of KBR by 27.5% during the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after purchasing an additional 275 shares in the last quarter. Allworth Financial LP raised its holdings in shares of KBR by 98.2% in the 2nd quarter. Allworth Financial LP now owns 789 shares of the construction company’s stock worth $27,000 after purchasing an additional 391 shares during the period. State of Michigan Retirement System grew its holdings in KBR by 1.7% during the first quarter. State of Michigan Retirement System now owns 30,511 shares of the construction company’s stock valued at $1,125,000 after purchasing an additional 500 shares during the period. Farther Finance Advisors LLC raised its stake in shares of KBR by 48.3% in the third quarter. Farther Finance Advisors LLC now owns 1,570 shares of the construction company’s stock valued at $55,000 after buying an additional 511 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of KBR by 2.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 26,098 shares of the construction company’s stock worth $962,000 after acquiring an additional 700 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Down 0.1%

Shares of NYSE KBR opened at $38.65 on Monday. The firm’s fifty day moving average is $36.62 and its 200 day moving average is $37.21. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $45.37. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.12. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 2.10 and a beta of 0.42.

KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. KBR had a return on equity of 31.66% and a net margin of 5.65%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company earned $1.02 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that KBR, Inc. will post 3.99 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be paid a $0.1650 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. KBR’s dividend payout ratio is presently 18.97%.

Wall Street Analysts Forecast Growth

KBR has been the topic of several research reports. Oppenheimer lowered their price target on shares of KBR from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 22nd. Wells Fargo & Company set a $40.00 price target on KBR in a research report on Monday. Citigroup cut their price target on shares of KBR from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Wall Street Zen raised KBR from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Bank of America reduced their target price on KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, KBR has a consensus rating of “Hold” and a consensus price target of $44.83.

About KBR

KBR, Inc is a global engineering, science and technology company that provides solutions to government and commercial customers. Its services include program management, engineering and integration, consulting, mission operations, logistics, cybersecurity, digital transformation and technical support.

Through its Government Solutions business, KBR supports defense, intelligence, space, civil government and national security programs. The company provides mission support, research and development, systems engineering, training, operations and maintenance services to government agencies and other public-sector customers.

KBR’s Sustainable Technology Solutions business serves energy, chemicals and industrial customers with technology licensing, engineering, project delivery and consulting services.