KBR, Inc. (NYSE:KBR) Holdings Increased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division increased its stake in KBR, Inc. (NYSE:KBR) by 45.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,088 shares of the construction company’s stock after acquiring an additional 1,600 shares during the period. Central Pacific Bank Trust Division’s holdings in KBR were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Natixis Advisors LLC grew its holdings in KBR by 88.9% during the second quarter. Natixis Advisors LLC now owns 41,289 shares of the construction company’s stock worth $2,648,000 after acquiring an additional 19,430 shares during the period. Larson Financial Group LLC grew its stake in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of KBR by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 37,814 shares of the construction company’s stock worth $2,425,000 after purchasing an additional 712 shares in the last quarter. Norden Group LLC lifted its stake in KBR by 30.8% during the second quarter. Norden Group LLC now owns 12,083 shares of the construction company’s stock valued at $775,000 after purchasing an additional 2,845 shares during the last quarter. Finally, Custom Index Systems LLC boosted its holdings in KBR by 22.7% during the second quarter. Custom Index Systems LLC now owns 7,477 shares of the construction company’s stock worth $480,000 after buying an additional 1,381 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 2.0 %

NYSE:KBR opened at $59.01 on Friday. The stock’s 50-day moving average is $61.58 and its two-hundred day moving average is $64.25. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $7.86 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. KBR, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. As a group, equities research analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current fiscal 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. KBR’s payout ratio is 25.21%.

Analysts Set New Price Targets

Several research firms have issued reports on KBR. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. UBS Group boosted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. KeyCorp increased their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. DA Davidson restated a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Finally, Citigroup raised their target price on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.14.

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.