O Shaughnessy Asset Management LLC Grows Stock Holdings in KBR, Inc. (NYSE:KBR)

O Shaughnessy Asset Management LLC raised its position in shares of KBR, Inc. (NYSE:KBR) by 1,866.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,169 shares of the construction company’s stock after purchasing an additional 132,093 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.10% of KBR worth $7,661,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in KBR by 46.2% during the first quarter. Prudential Financial Inc. now owns 15,763 shares of the construction company’s stock valued at $785,000 after purchasing an additional 4,980 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of KBR in the first quarter worth about $209,000. Garnet Equity Capital Holdings Inc. purchased a new position in shares of KBR in the first quarter worth about $5,188,000. Mirabella Financial Services LLP purchased a new position in shares of KBR in the first quarter worth about $522,000. Finally, Beaconlight Capital LLC increased its holdings in shares of KBR by 216.9% in the first quarter. Beaconlight Capital LLC now owns 88,326 shares of the construction company’s stock worth $4,862,000 after buying an additional 60,454 shares during the period.

Wall Street Analyst Weigh In

KBR has been the topic of several analyst reports. DA Davidson lifted their price objective on KBR from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 31st. StockNews.com initiated coverage on KBR in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Citigroup lifted their price objective on KBR from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus raised their target price on KBR from $75.00 to $77.00 in a research note on Wednesday. Finally, TheStreet cut KBR from a “b+” rating to a “c” rating in a research note on Thursday, July 27th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR has a consensus rating of “Buy” and an average target price of $69.71.

KBR Stock Performance

KBR stock opened at $60.96 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50 day simple moving average is $62.55 and its two-hundred day simple moving average is $59.27. KBR, Inc. has a fifty-two week low of $41.96 and a fifty-two week high of $65.87. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of -65.34, a PEG ratio of 1.55 and a beta of 1.11.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. KBR had a positive return on equity of 24.94% and a negative net margin of 1.46%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts expect that KBR, Inc. will post 2.9 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be given a $0.135 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.89%. KBR’s dividend payout ratio is currently -58.06%.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 480 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $65.32, for a total value of $31,353.60. Following the sale, the executive vice president now directly owns 14,520 shares of the company’s stock, valued at approximately $948,446.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Jennifer Myles sold 480 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $65.32, for a total value of $31,353.60. Following the completion of the transaction, the executive vice president now directly owns 14,520 shares in the company, valued at approximately $948,446.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William Byron Jr. Bright sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $60.68, for a total transaction of $1,213,600.00. Following the completion of the transaction, the insider now owns 57,986 shares of the company’s stock, valued at $3,518,590.48. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

KBR Profile

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.