Sumitomo Mitsui Trust Group Inc. Decreases Stake in KBR, Inc. (NYSE:KBR)

Sumitomo Mitsui Trust Group Inc. decreased its position in KBR, Inc. (NYSE:KBR) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,249 shares of the construction company’s stock after selling 1,472 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in KBR were worth $2,752,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. Larson Financial Group LLC increased its stake in KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares during the last quarter. CWM LLC increased its stake in shares of KBR by 39.4% during 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. Quarry LP increased its stake in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank purchased a new stake in shares of KBR during the 3rd quarter worth approximately $65,000. Finally, Fifth Third Bancorp increased its stake in shares of KBR by 17.5% during 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. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Down 0.8 %

Shares of NYSE:KBR opened at $58.17 on Tuesday. The firm has a fifty day moving average price of $66.36 and a two-hundred day moving average price of $65.75. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a one year low of $50.45 and a one year high of $72.60. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.17 and a beta of 0.89.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is currently 25.21%.

Analyst Upgrades and Downgrades

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