Bfsg LLC Has $8.34 Million Position in KBR, Inc. (NYSE:KBR)

Bfsg LLC decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,968 shares of the construction company’s stock after selling 2,520 shares during the period. KBR makes up about 1.0% of Bfsg LLC’s portfolio, making the stock its 21st largest position. Bfsg LLC owned approximately 0.10% of KBR worth $8,335,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of KBR in the first quarter valued at approximately $25,000. Larson Financial Group LLC lifted its stake in KBR by 2,029.2% during the 2nd 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 boosted its holdings in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP grew its stake 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, Fifth Third Bancorp raised its holdings in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Price Performance

Shares of NYSE KBR opened at $68.67 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $65.65 and a two-hundred day simple moving average of $65.13. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $69.77. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of -35.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

KBR (NYSE:KBR) last issued 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 firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were paid a $0.15 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. KBR’s payout ratio is -31.25%.

Analyst Ratings Changes

KBR has been the topic of several analyst reports. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, KeyCorp boosted their price objective on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.75.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The shares were 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 approximately $7,091,968. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.