Strategy Asset Managers LLC Makes New $277,000 Investment in KBR, Inc. (NYSE:KBR)

Strategy Asset Managers LLC bought a new position in KBR, Inc. (NYSE:KBR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,255 shares of the construction company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp increased 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 purchasing an additional 179 shares during the period. 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. Harbour Capital Advisors LLC grew its position in shares of KBR by 0.5% during the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after buying an additional 265 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of KBR by 0.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 37,473 shares of the construction company’s stock worth $2,076,000 after buying an additional 293 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Trading Down 0.7 %

KBR stock opened at $66.73 on Thursday. The stock has a 50-day moving average of $65.83 and a two-hundred day moving average of $64.21. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR, Inc. has a one year low of $49.37 and a one year high of $69.50. The stock has a market cap of $8.96 billion, a PE ratio of -34.76, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, research analysts anticipate that KBR, Inc. will post 3.24 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s payout ratio is -31.25%.

Analysts Set New Price Targets

KBR has been the topic of a number of recent research reports. DA Davidson reissued a “buy” rating and set a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. UBS Group raised their price objective on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Finally, Stifel Nicolaus raised their price objective on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR currently has a consensus rating of “Buy” and an average price target of $76.00.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

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.