Sequoia Financial Advisors LLC Purchases 15,317 Shares of KBR, Inc. (NYSE:KBR)

Sequoia Financial Advisors LLC boosted its position in KBR, Inc. (NYSE:KBR) by 90.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,182 shares of the construction company’s stock after acquiring an additional 15,317 shares during the period. Sequoia Financial Advisors LLC’s holdings in KBR were worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System increased its holdings in KBR by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 33,111 shares of the construction company’s stock valued at $2,108,000 after purchasing an additional 700 shares during the period. Norden Group LLC raised its holdings in shares of KBR by 1,030.1% during the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock valued at $4,723,000 after acquiring an additional 67,634 shares in the last quarter. Van ECK Associates Corp lifted its stake in KBR by 294.2% in the first quarter. Van ECK Associates Corp now owns 282,343 shares of the construction company’s stock worth $17,974,000 after acquiring an additional 210,717 shares during the period. Retirement Systems of Alabama increased its position in KBR by 73.9% during the 1st quarter. Retirement Systems of Alabama now owns 326,319 shares of the construction company’s stock valued at $20,773,000 after purchasing an additional 138,633 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of KBR during the 1st quarter valued at about $352,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.08% of the company’s stock.

KBR Price Performance

KBR opened at $67.05 on Friday. The firm has a market cap of $9.00 billion, a PE ratio of -34.92, a P/E/G ratio of 1.40 and a beta of 0.90. The stock has a 50-day moving average price of $66.19 and a 200-day moving average price of $65.35. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $71.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sell-side analysts predict that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.89%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KBR. KeyCorp increased their price target on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.