Public Employees Retirement System of Ohio Sells 2,908 Shares of KBR, Inc. (NYSE:KBR)

Public Employees Retirement System of Ohio cut its position in KBR, Inc. (NYSE:KBR) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,705 shares of the construction company’s stock after selling 2,908 shares during the period. Public Employees Retirement System of Ohio’s holdings in KBR were worth $3,628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in KBR by 278.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,914 shares of the construction company’s stock worth $190,000 after buying an additional 2,144 shares during the period. XTX Topco Ltd increased its holdings in shares of KBR by 57.8% in the third quarter. XTX Topco Ltd now owns 41,664 shares of the construction company’s stock worth $2,714,000 after acquiring an additional 15,268 shares in the last quarter. iSAM Funds UK Ltd raised its position in shares of KBR by 311.9% during the third quarter. iSAM Funds UK Ltd now owns 18,433 shares of the construction company’s stock worth $1,201,000 after purchasing an additional 13,958 shares during the period. Wellington Management Group LLP lifted its holdings in shares of KBR by 21.1% during the 3rd quarter. Wellington Management Group LLP now owns 486,017 shares of the construction company’s stock valued at $31,654,000 after purchasing an additional 84,698 shares in the last quarter. Finally, State Street Corp grew its position in shares of KBR by 0.7% in the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares during the period. 97.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on KBR. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Citigroup boosted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp boosted their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Trading Down 0.4 %

KBR stock opened at $58.47 on Monday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.18 and a beta of 0.84. The firm has a 50-day moving average of $64.95 and a 200-day moving average of $64.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a one year low of $51.60 and a one year high of $72.60.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, equities analysts expect that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued 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 1.03%. KBR’s payout ratio is 25.21%.

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.