KBR, Inc. $KBR Position Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in KBR, Inc. (NYSE:KBR) by 37.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,331 shares of the construction company’s stock after purchasing an additional 5,270 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in KBR were worth $927,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KBR. Bessemer Group Inc. raised its stake in shares of KBR by 75.8% in the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after buying an additional 266 shares in the last quarter. Byrne Asset Management LLC bought a new stake in KBR in the second quarter worth about $41,000. GAMMA Investing LLC raised its position in KBR by 37.5% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after acquiring an additional 298 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in KBR in the 2nd quarter valued at about $76,000. Finally, UMB Bank n.a. boosted its position in shares of KBR by 34.3% during the 2nd quarter. UMB Bank n.a. now owns 1,761 shares of the construction company’s stock valued at $84,000 after purchasing an additional 450 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KBR has been the topic of several recent research reports. Bank of America lowered their price objective 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 reduced their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Truist Financial set a $62.00 price target on shares of KBR in a research report on Thursday, October 30th. Stifel Nicolaus increased their price objective on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, DA Davidson reduced their price objective on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Four 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 Performance

KBR stock opened at $40.76 on Thursday. The firm has a 50 day simple moving average of $44.10 and a 200 day simple moving average of $47.94. KBR, Inc. has a 52 week low of $39.61 and a 52 week high of $62.14. The stock has a market cap of $5.18 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.85 and a beta of 0.68. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13.

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

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a $0.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.6%. KBR’s dividend payout ratio is currently 22.68%.

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.