Eastern Bank acquired a new stake in shares of KBR, Inc. (NYSE:KBR – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,000 shares of the construction company’s stock, valued at approximately $65,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. CWM LLC grew its position in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares in the last quarter. Blue Trust Inc. grew its position in KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after acquiring an additional 316 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in KBR by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock worth $1,082,000 after acquiring an additional 422 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after acquiring an additional 487 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at KBR
In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The shares were 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 approximately $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on KBR
KBR Price Performance
NYSE:KBR opened at $66.73 on Friday. The stock has a market cap of $8.88 billion, a P/E ratio of 45.39, a PEG ratio of 1.45 and a beta of 0.90. KBR, Inc. has a one year low of $49.37 and a one year high of $71.38. The company has a fifty day moving average price of $66.22 and a 200 day moving average price of $65.36. 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 – Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. Analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current year.
KBR Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is currently 40.82%.
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.
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