KBR, Inc. (NYSE:KBR) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 12.7% during the third quarter, Holdings Channel.com reports. The fund owned 62,626 shares of the construction company’s stock after selling 9,145 shares during the period. Barclays PLC’s holdings in KBR were worth $4,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares during the period. Bank of New York Mellon Corp boosted its holdings in KBR by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after buying an additional 113,140 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in shares of KBR by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 253,376 shares of the construction company’s stock valued at $16,252,000 after buying an additional 3,276 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of KBR by 29.9% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 296,359 shares of the construction company’s stock worth $19,008,000 after acquiring an additional 68,250 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of KBR during the second quarter worth $1,732,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, KeyCorp increased 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Trading Down 0.6 %

NYSE KBR opened at $56.99 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. The firm’s fifty day simple moving average is $63.82 and its 200-day simple moving average is $64.67. The company has a market capitalization of $7.59 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, sell-side analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is presently 25.21%.

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.