6,383 Shares in KBR, Inc. $KBR Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new stake in shares of KBR, Inc. (NYSE:KBR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,383 shares of the construction company’s stock, valued at approximately $306,000.

Several other large investors have also recently modified their holdings of KBR. Invesco Ltd. lifted its stake in shares of KBR by 16.1% during the first quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock worth $245,347,000 after buying an additional 683,280 shares during the period. Boston Partners raised its holdings in shares of KBR by 35.2% during the first quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock worth $218,648,000 after purchasing an additional 1,142,111 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in KBR by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company’s stock valued at $120,891,000 after purchasing an additional 244,094 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of KBR by 6.8% during the 1st quarter. Neuberger Berman Group LLC now owns 2,114,109 shares of the construction company’s stock valued at $105,325,000 after buying an additional 133,992 shares during the last quarter. Finally, Cooperman Leon G lifted its holdings in shares of KBR by 15.0% in the 1st quarter. Cooperman Leon G now owns 1,680,000 shares of the construction company’s stock valued at $83,681,000 after buying an additional 218,598 shares during the period. Institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KBR. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Bank of America dropped their price target on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday. 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 shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, DA Davidson decreased their target price on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.56.

KBR Trading Up 0.2%

NYSE KBR opened at $42.63 on Thursday. The firm has a market cap of $5.41 billion, a PE ratio of 15.41, a P/E/G ratio of 0.85 and a beta of 0.68. KBR, Inc. has a one year low of $40.71 and a one year high of $70.03. The firm’s fifty day moving average is $45.79 and its two-hundred day moving average is $48.82. 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 announced its earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down .3% on a year-over-year basis. Analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR’s payout ratio is presently 22.68%.

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.