Dynamic Technology Lab Private Ltd Increases Stock Position in KBR, Inc. $KBR

Dynamic Technology Lab Private Ltd grew its stake in KBR, Inc. (NYSE:KBR) by 25.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,183 shares of the construction company’s stock after acquiring an additional 5,494 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in KBR were worth $1,303,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Voya Investment Management LLC increased its holdings in KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock valued at $1,001,000 after purchasing an additional 241 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of KBR by 75.8% during 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. US Bancorp DE grew its stake in shares of KBR by 13.5% in the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock valued at $113,000 after buying an additional 268 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of KBR by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after buying an additional 298 shares during the period. Finally, IFP Advisors Inc lifted its stake in KBR by 15.2% during the 2nd quarter. IFP Advisors Inc now owns 2,653 shares of the construction company’s stock worth $127,000 after acquiring an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KBR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. DA Davidson dropped their price objective on shares of KBR from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 1st. Bank of America cut their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Citigroup dropped their price target on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Truist Financial set a $62.00 price objective on KBR in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, KBR has an average rating of “Hold” and an average target price of $59.00.

KBR Stock Down 1.7%

Shares of NYSE:KBR opened at $39.81 on Friday. The firm has a 50 day simple moving average of $44.78 and a 200-day simple moving average of $48.36. KBR, Inc. has a twelve month low of $39.76 and a twelve month high of $62.14. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $5.05 billion, a PE ratio of 14.42, a P/E/G ratio of 0.85 and a beta of 0.68.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $525.00 million for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $0.84 EPS. KBR’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. KBR’s payout ratio is presently 22.68%.

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.