Jupiter Topco LLC bought a new position in KBR, Inc. (NYSE:KBR – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 56,430 shares of the construction company’s stock, valued at approximately $1,949,000.
A number of other large investors also recently made changes to their positions in KBR. BlackRock Inc. purchased a new position in KBR during the second quarter worth about $479,892,000. Invesco Ltd. grew its position in KBR by 3.5% in the 4th quarter. Invesco Ltd. now owns 5,736,873 shares of the construction company’s stock worth $230,622,000 after purchasing an additional 192,383 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in KBR by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,806,715 shares of the construction company’s stock valued at $112,834,000 after buying an additional 255,948 shares during the last quarter. Morgan Stanley increased its stake in KBR by 343.5% in the 4th quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock valued at $110,494,000 after buying an additional 2,128,895 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of KBR by 12.4% during the 4th quarter. Neuberger Berman Group LLC now owns 2,587,375 shares of the construction company’s stock worth $104,046,000 after buying an additional 284,907 shares in the last quarter. 97.02% of the stock is owned by institutional investors.
KBR Stock Performance
Shares of KBR stock opened at $37.29 on Friday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.99 and a beta of 0.44. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $52.23. The firm’s 50-day simple moving average is $36.68 and its two-hundred day simple moving average is $36.45.
KBR Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.8%. KBR’s dividend payout ratio is presently 19.88%.
Wall Street Analyst Weigh In
KBR has been the topic of a number of research analyst reports. Bank of America cut their target price on KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Citigroup decreased their price target on KBR from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a report on Wednesday, June 24th. UBS Group boosted their price objective on KBR from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.67.
Read Our Latest Stock Analysis on KBR
KBR Company Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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