Ieq Capital LLC Boosts Holdings in KBR, Inc. (NYSE:KBR)

Ieq Capital LLC raised its stake in shares of KBR, Inc. (NYSE:KBR) by 129.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,005 shares of the construction company’s stock after buying an additional 6,784 shares during the quarter. Ieq Capital LLC’s holdings in KBR were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KBR. True Wealth Design LLC bought a new position in shares of KBR during the third quarter worth $26,000. UMB Bank n.a. boosted its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR during the fourth quarter valued at about $68,000. Venturi Wealth Management LLC increased its holdings in shares of KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of KBR in the third quarter worth about $111,000. Institutional investors own 97.02% of the company’s stock.

KBR Stock Down 3.8 %

NYSE KBR opened at $48.29 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $47.19 and a 52 week high of $72.60. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 0.86 and a beta of 0.83. The company has a fifty day moving average of $55.82 and a two-hundred day moving average of $61.69.

KBR (NYSE:KBR) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. On average, analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio is presently 27.73%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Citigroup cut their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. KeyCorp dropped their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, DA Davidson restated a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

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.