Versor Investments LP Invests $1.95 Million in KBR, Inc. (NYSE:KBR)

Versor Investments LP acquired a new stake in KBR, Inc. (NYSE:KBR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,999 shares of the construction company’s stock, valued at approximately $1,954,000.

Several other institutional investors have also added to or reduced their stakes in KBR. Larson Financial Group LLC increased its stake in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC grew its position in 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 raised its stake in KBR by 454.7% during the second 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. Eastern Bank bought a new position in shares of KBR in the third quarter worth about $65,000. Finally, Fifth Third Bancorp boosted its stake in shares of KBR by 17.5% in the 2nd 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 in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KBR shares. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup increased their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, DA Davidson lifted their price target on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Trading Up 0.9 %

NYSE:KBR traded up $0.61 during trading hours on Monday, hitting $72.20. 29,445 shares of the company were exchanged, compared to its average volume of 1,105,355. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. KBR, Inc. has a one year low of $50.45 and a one year high of $72.50. The company has a fifty day simple moving average of $66.42 and a 200 day simple moving average of $65.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. KBR’s dividend payout ratio (DPR) is currently 25.21%.

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.