Geode Capital Management LLC Sells 70,795 Shares of KBR, Inc. $KBR

Geode Capital Management LLC reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,251,058 shares of the construction company’s stock after selling 70,795 shares during the period. Geode Capital Management LLC’s holdings in KBR were worth $107,934,000 as of its most recent filing with the SEC.

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

KBR Stock Performance

NYSE KBR opened at $39.81 on Friday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. 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 firm’s fifty day moving average price is $44.78 and its two-hundred day moving average price is $48.36. KBR, Inc. has a 1 year low of $39.76 and a 1 year high of $62.14.

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

KBR Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. KBR’s payout ratio is 22.68%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KBR. Citigroup dropped their target price on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. DA Davidson lowered their price objective on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Wells Fargo & Company assumed coverage on shares of KBR in a report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 target price for the company. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Truist Financial set a $62.00 price target on shares of KBR in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $59.00.

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.