Versor Investments LP Acquires Shares of 3,946 KBR, Inc. (NYSE:KBR)

Versor Investments LP acquired a new stake in KBR, Inc. (NYSE:KBRGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,946 shares of the construction company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KBR. Sageworth Trust Co of South Dakota bought a new position in shares of KBR during the fourth quarter worth $31,000. USA Financial Portformulas Corp bought a new position in shares of KBR during the fourth quarter worth $39,000. Rockefeller Capital Management L.P. boosted its position in shares of KBR by 54.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,291 shares of the construction company’s stock worth $61,000 after purchasing an additional 454 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of KBR by 97.9% during the first quarter. Parallel Advisors LLC now owns 3,348 shares of the construction company’s stock worth $182,000 after purchasing an additional 1,656 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of KBR during the first quarter worth $219,000.

Analysts Set New Price Targets

KBR has been the topic of a number of recent analyst reports. KeyCorp lifted their price target on shares of KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. Credit Suisse Group set a $66.00 price objective on shares of KBR in a research report on Tuesday, July 19th. TheStreet cut shares of KBR from a “b+” rating to a “c” rating in a research report on Wednesday, May 11th. Finally, Citigroup cut their price objective on shares of KBR from $65.00 to $60.00 in a research report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.00.

KBR Stock Up 1.6 %

Shares of KBR stock opened at $53.23 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. KBR, Inc. has a 1 year low of $36.71 and a 1 year high of $56.94. The firm’s fifty day moving average price is $48.62 and its two-hundred day moving average price is $49.11. The firm has a market capitalization of $7.43 billion, a P/E ratio of -70.97 and a beta of 1.24.

KBR (NYSE:KBRGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. KBR had a negative net margin of 1.32% and a positive return on equity of 23.14%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts predict that KBR, Inc. will post 2.61 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. KBR’s dividend payout ratio is presently -64.00%.

Insider Transactions at KBR

In other news, CFO Mark W. Sopp acquired 1,050 shares of the stock in a transaction dated Monday, May 23rd. The shares were bought at an average cost of $47.74 per share, for a total transaction of $50,127.00. Following the purchase, the chief financial officer now directly owns 118,497 shares of the company’s stock, valued at $5,657,046.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark W. Sopp acquired 1,100 shares of the stock in a transaction dated Friday, May 20th. The shares were bought at an average cost of $45.99 per share, for a total transaction of $50,589.00. Following the purchase, the chief financial officer now directly owns 117,447 shares of the company’s stock, valued at $5,401,387.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark W. Sopp bought 1,050 shares of KBR stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $47.74 per share, with a total value of $50,127.00. Following the acquisition, the chief financial officer now directly owns 118,497 shares in the company, valued at approximately $5,657,046.78. The disclosure for this purchase can be found here. 0.91% of the stock is owned by company insiders.

KBR Company Profile

(Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

Further Reading

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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