Paradigm Asset Management Co. LLC Acquires New Holdings in KBR, Inc. $KBR

Paradigm Asset Management Co. LLC bought a new position in KBR, Inc. (NYSE:KBR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,000 shares of the construction company’s stock, valued at approximately $1,151,000.

A number of other institutional investors have also modified their holdings of KBR. GAMMA Investing LLC boosted its stake in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after acquiring an additional 594 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of KBR by 0.4% during the first quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company’s stock worth $15,298,000 after purchasing an additional 1,343 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of KBR by 697.0% during the 1st quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 23,887 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of KBR by 22.1% in the 1st quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock worth $421,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in KBR by 11.7% during the 1st quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company’s stock worth $919,000 after buying an additional 1,938 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KBR shares. DA Davidson decreased their price target on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Citigroup decreased their price objective on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Truist Financial set a $62.00 target price on shares of KBR in a research report on Thursday, October 30th. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Bank of America downgraded shares of KBR from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $55.00 in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.67.

KBR Stock Up 2.2%

Shares of KBR opened at $42.61 on Friday. The firm has a market cap of $5.41 billion, a P/E ratio of 15.44, a PEG ratio of 0.85 and a beta of 0.68. KBR, Inc. has a 12 month low of $40.71 and a 12 month high of $72.60. The stock’s 50 day moving average is $46.25 and its two-hundred day moving average is $49.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73.

KBR (NYSE:KBR) last announced its earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. Analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. KBR’s dividend payout ratio (DPR) is currently 22.68%.

KBR 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.