KBR, Inc. (NYSE:KBR) Holdings Decreased by ING Groep NV

ING Groep NV cut its position in shares of KBR, Inc. (NYSE:KBR) by 80.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,800 shares of the construction company’s stock after selling 93,200 shares during the quarter. ING Groep NV’s holdings in KBR were worth $1,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KBR. Pier 88 Investment Partners LLC boosted its holdings in shares of KBR by 25.9% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock valued at $3,303,000 after buying an additional 10,420 shares during the period. Boston Partners boosted its stake in KBR by 49.4% in the first quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after acquiring an additional 28,091 shares during the period. Comerica Bank grew its holdings in shares of KBR by 27.5% during the first quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after purchasing an additional 15,651 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of KBR during the 3rd quarter worth approximately $1,928,000. Finally, Versor Investments LP bought a new stake in shares of KBR in the 3rd quarter worth approximately $1,954,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Performance

KBR opened at $58.65 on Monday. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.17 and a beta of 0.89. The business has a 50 day moving average price of $66.43 and a two-hundred day moving average price of $65.81. 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 (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $0.75 earnings per share. KBR’s revenue was up 10.0% compared to the same quarter last year. Research analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KBR shares. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday, September 6th. Citigroup lifted 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. DA Davidson raised their price target on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. KeyCorp lifted 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, StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

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.