Inceptionr LLC Invests $529,000 in KBR, Inc. $KBR

Inceptionr LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,035 shares of the construction company’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KBR. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of KBR during the 1st quarter valued at $700,000. Cetera Investment Advisers increased its holdings in KBR by 22.1% during the first quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock worth $421,000 after buying an additional 1,531 shares during the last quarter. HB Wealth Management LLC bought a new stake in KBR in the first quarter worth about $314,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in KBR by 1.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,957 shares of the construction company’s stock valued at $1,940,000 after acquiring an additional 390 shares during the last quarter. Finally, XTX Topco Ltd grew its position in shares of KBR by 122.5% during the 1st quarter. XTX Topco Ltd now owns 10,655 shares of the construction company’s stock valued at $531,000 after acquiring an additional 5,866 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

NYSE:KBR opened at $40.76 on Friday. The business’s fifty day moving average is $43.93 and its 200 day moving average is $47.89. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 14.77, a PEG 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, Inc. has a 52-week low of $39.61 and a 52-week high of $62.14.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KBR shares. Bank of America lowered their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Truist Financial set a $62.00 price target on KBR in a research note on Thursday, October 30th. Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Wells Fargo & Company initiated coverage on shares of KBR in a report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.00.

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.