Retirement Systems of Alabama Sells 19,746 Shares of KBR, Inc. (NYSE:KBR)

Retirement Systems of Alabama cut its stake in shares of KBR, Inc. (NYSE:KBR) by 5.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,021 shares of the construction company’s stock after selling 19,746 shares during the quarter. Retirement Systems of Alabama’s holdings in KBR were worth $20,713,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of KBR during the 3rd quarter worth about $26,000. Larson Financial Group LLC increased its holdings 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 worth $33,000 after buying an additional 487 shares in the last quarter. CWM LLC raised its stake in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP boosted its holdings in shares of KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares in the last quarter. Finally, Eastern Bank bought a new stake in KBR during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KBR shares. UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. 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. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, Citigroup raised their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Price Performance

Shares of KBR stock opened at $58.47 on Friday. The firm’s 50 day moving average price is $64.95 and its two-hundred day moving average price is $64.93. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 52-week low of $51.60 and a 52-week high of $72.60. The stock has a market cap of $7.79 billion, a PE ratio of 24.57, a PEG ratio of 1.18 and a beta of 0.84.

KBR (NYSE:KBR) last posted its quarterly earnings results 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that KBR, Inc. will post 3.27 EPS for the current year.

KBR Dividend Announcement

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

KBR 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.