KBR, Inc. (NYSE:KBR) Shares Sold by Synovus Financial Corp

Synovus Financial Corp cut its stake in KBR, Inc. (NYSE:KBR) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 23,623 shares of the construction company’s stock after selling 793 shares during the period. Synovus Financial Corp’s holdings in KBR were worth $1,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KBR. True Wealth Design LLC acquired a new stake in KBR in the third quarter worth approximately $26,000. Larson Financial Group LLC lifted its holdings in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares during the period. CWM LLC grew its holdings in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the period. Quarry LP grew its holdings in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares during the period. Finally, Eastern Bank bought a new stake in KBR in the third quarter worth about $65,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $58.47 on Monday. The company’s fifty day moving average is $64.95 and its two-hundred day moving average is $64.93. The company has a market cap of $7.79 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84. KBR, Inc. has a 12-month low of $51.60 and a 12-month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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

KBR Announces Dividend

The business also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is currently 25.21%.

Analyst Upgrades and Downgrades

KBR has been the subject of several research reports. KeyCorp raised their price objective on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group lifted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

About KBR

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.