Eastern Bank Takes $65,000 Position in KBR, Inc. (NYSE:KBR)

Eastern Bank bought a new position in KBR, Inc. (NYSE:KBR) during the 3rd quarter, HoldingsChannel reports. The fund bought 1,000 shares of the construction company’s stock, valued at approximately $65,000.

Several other large investors have also made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of KBR by 17.5% in the 2nd 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. CWM LLC grew its holdings in shares of KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of KBR by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after purchasing an additional 422 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KBR. TD Cowen lowered shares of 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 increased their price objective on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson increased their price objective on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup increased their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

KBR Stock Performance

KBR stock opened at $66.73 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $71.38. The company has a market cap of $8.88 billion, a PE ratio of 45.39, a PEG ratio of 1.45 and a beta of 0.90. The company’s 50-day moving average is $66.22 and its two-hundred day moving average is $65.36.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a net margin of 2.77% and a return on equity of 27.92%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. KBR’s dividend payout ratio is 40.82%.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

KBR 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.