Norden Group LLC Boosts Stock Position in KBR, Inc. (NYSE:KBR)

Norden Group LLC grew its stake in shares of KBR, Inc. (NYSE:KBR) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,653 shares of the construction company’s stock after acquiring an additional 554 shares during the period. Norden Group LLC’s holdings in KBR were worth $733,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after acquiring an additional 203 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of KBR by 1.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock worth $1,283,000 after acquiring an additional 300 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of KBR by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after acquiring an additional 335 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of KBR during the third quarter worth $26,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

KBR has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. The Goldman Sachs Group lowered their price objective on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, KeyCorp lowered their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target of $75.88.

KBR Stock Down 1.6 %

KBR opened at $48.27 on Tuesday. The stock has a market cap of $6.39 billion, a PE ratio of 20.28, a P/E/G ratio of 0.86 and a beta of 0.83. 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 $47.16 and a 52 week high of $72.60. The business’s fifty day simple moving average is $55.15 and its 200 day simple moving average is $61.22.

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

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio (DPR) is 23.57%.

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.