11,841 Shares in KBR, Inc. (NYSE:KBR) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of KBR, Inc. (NYSE:KBR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,841 shares of the construction company’s stock, valued at approximately $771,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its position in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares during the last quarter. CWM LLC increased its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after buying an additional 335 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in KBR by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock valued at $1,082,000 after buying an additional 422 shares during the period. 97.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on KBR shares. DA Davidson increased their price target on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp boosted their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group raised their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup boosted their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment 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, KBR presently has a consensus rating of “Moderate Buy” and an average target price of $81.14.

KBR Price Performance

Shares of KBR stock opened at $58.65 on Monday. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.17 and a beta of 0.89. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock’s 50-day simple moving average is $66.43 and its 200-day simple moving average is $65.81. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60.

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

KBR Announces Dividend

The business also recently declared 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 payout ratio is currently 25.21%.

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.