Janney Montgomery Scott LLC Purchases 335 Shares of KBR, Inc. (NYSE:KBR)

Janney Montgomery Scott LLC boosted its position in KBR, Inc. (NYSE:KBR) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 11,764 shares of the construction company’s stock after buying an additional 335 shares during the quarter. Janney Montgomery Scott LLC’s holdings in KBR were worth $766,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KBR. Jacobs Levy Equity Management Inc. grew its position in KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares in the last quarter. Empyrean Capital Partners LP bought a new position in shares of KBR during the 2nd quarter valued at approximately $47,274,000. D. E. Shaw & Co. Inc. grew its position in shares of KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after acquiring an additional 520,207 shares during the period. Wolf Hill Capital Management LP grew its position in shares of KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after acquiring an additional 507,800 shares during the period. Finally, Davidson Kempner Capital Management LP grew its position in shares of KBR by 913.1% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock valued at $19,175,000 after acquiring an additional 269,448 shares during the period. 97.02% of the stock is owned by institutional investors.

KBR Stock Performance

Shares of KBR stock opened at $58.65 on Monday. The stock has a market capitalization of $7.81 billion, a P/E ratio of 24.64, a PEG ratio of 1.17 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm’s 50 day moving average is $66.43 and its 200 day moving average is $65.81. KBR, Inc. has a 12 month low of $50.45 and a 12 month high of $72.60.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KBR. Citigroup increased their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group increased their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. KeyCorp increased their target price on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. Finally, DA Davidson upped their price target on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.