Swiss National Bank Cuts Stock Position in KBR, Inc. (NYSE:KBR)

Swiss National Bank cut its holdings in KBR, Inc. (NYSE:KBR) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 262,241 shares of the construction company’s stock after selling 3,500 shares during the quarter. Swiss National Bank owned 0.20% of KBR worth $17,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of KBR by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company’s stock worth $14,967,000 after acquiring an additional 4,804 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of KBR by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company’s stock worth $3,792,000 after acquiring an additional 3,518 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of KBR by 359.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after acquiring an additional 1,148,503 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of KBR by 11.9% in the first quarter. Tidal Investments LLC now owns 5,411 shares of the construction company’s stock worth $344,000 after acquiring an additional 574 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of KBR by 27.5% in the first quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock worth $4,620,000 after acquiring an additional 15,651 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Performance

Shares of KBR stock opened at $61.77 on Friday. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60. The business’s fifty day simple moving average is $66.21 and its 200-day simple moving average is $65.56. The firm has a market cap of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. 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 (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. KBR’s dividend payout ratio is presently 25.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KBR shares. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp boosted their price objective on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.14.

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.