Mutual of America Capital Management LLC Has $7.39 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC reduced its holdings in KBR, Inc. (NYSE:KBR) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 113,431 shares of the construction company’s stock after selling 13,051 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of KBR worth $7,388,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KBR. Jacobs Levy Equity Management Inc. grew its stake in shares of KBR by 359.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in KBR during the 2nd quarter worth about $47,274,000. D. E. Shaw & Co. Inc. grew its position in shares of KBR by 29.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after buying an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP increased its stake in shares of KBR by 37.1% in the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after buying an additional 507,800 shares during the period. Finally, Davidson Kempner Capital Management LP increased its stake in shares of KBR by 913.1% in the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock valued at $19,175,000 after buying an additional 269,448 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Trading Down 0.8 %

KBR opened at $58.17 on Tuesday. The company has a fifty day moving average price of $66.36 and a two-hundred day moving average price of $65.75. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The company has a market cap of $7.75 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

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

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is 25.21%.

Wall Street Analysts Forecast Growth

KBR has been the topic of several analyst reports. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. DA Davidson upped their price objective 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. UBS Group increased their price objective 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. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, Citigroup increased their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.