Prosperity Financial Group Inc. Raises Stake in KBR, Inc. (NYSE:KBR)

Prosperity Financial Group Inc. increased its stake in KBR, Inc. (NYSE:KBR) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,705 shares of the construction company’s stock after buying an additional 581 shares during the period. Prosperity Financial Group Inc.’s holdings in KBR were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC grew its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares in the last quarter. Quarry LP increased its stake in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares during the period. Eastern Bank bought a new stake in shares of KBR in the third quarter valued at about $65,000. Finally, Fifth Third Bancorp lifted its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

NYSE KBR opened at $61.76 on Monday. The stock’s fifty day moving average price is $66.21 and its 200 day moving average price is $65.54. KBR, Inc. has a 1 year low of $50.45 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.23 and a beta of 0.89.

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 analysts’ expectations of $1.95 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is presently 25.21%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. DA Davidson restated a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. KeyCorp upped their price target on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Citigroup boosted their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and an average price target 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.