KBR, Inc. $KBR Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its stake in shares of KBR, Inc. (NYSE:KBR) by 59.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,598 shares of the construction company’s stock after selling 38,935 shares during the quarter. CenterBook Partners LP’s holdings in KBR were worth $935,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in KBR in the 2nd quarter worth $479,892,000. Engine Capital Management LP grew its stake in KBR by 1,129.3% during the 1st quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company’s stock valued at $56,444,000 after purchasing an additional 1,406,746 shares during the last quarter. Copeland Capital Management LLC grew its stake in KBR by 7.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,545,933 shares of the construction company’s stock valued at $54,355,000 after purchasing an additional 109,264 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of KBR by 29.8% in the first quarter. First Trust Advisors LP now owns 919,397 shares of the construction company’s stock valued at $33,889,000 after purchasing an additional 211,010 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of KBR in the second quarter valued at about $32,044,000. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Price Performance

Shares of KBR opened at $38.88 on Wednesday. The business’s 50-day moving average is $36.75 and its two-hundred day moving average is $37.02. The company has a market capitalization of $4.90 billion, a P/E ratio of 11.17, a P/E/G ratio of 2.09 and a beta of 0.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 0.94. KBR, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $45.37.

KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. KBR had a return on equity of 31.66% and a net margin of 5.65%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 4.01 earnings per share for the current year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be issued a $0.1650 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.7%. KBR’s payout ratio is presently 18.97%.

Wall Street Analysts Forecast Growth

KBR has been the subject of several research analyst reports. Oppenheimer reduced their price objective on KBR from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, September 22nd. Citigroup dropped their target price on KBR from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Bank of America cut their price target on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. UBS Group raised their price target on shares of KBR from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.83.

KBR Company Profile

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.