Point72 Hong Kong Ltd Trims Holdings in KBR, Inc. (NYSE:KBR)

Point72 Hong Kong Ltd lowered its holdings in KBR, Inc. (NYSE:KBR) by 41.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,055 shares of the construction company’s stock after selling 25,801 shares during the period. Point72 Hong Kong Ltd’s holdings in KBR were worth $2,348,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KBR. Fifth Third Bancorp boosted its holdings in 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 acquiring an additional 179 shares in the last quarter. CWM LLC boosted its stake in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of KBR by 1.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after buying an additional 300 shares during the period. Blue Trust Inc. raised its stake in KBR by 27.7% in the second 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. Finally, Janney Montgomery Scott LLC lifted its holdings in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after buying an additional 335 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Price Performance

Shares of NYSE:KBR opened at $60.83 on Monday. The business has a fifty day moving average price of $66.08 and a 200-day moving average price of $65.37. 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 capitalization of $8.10 billion, a PE ratio of 25.56, a PEG ratio of 1.21 and a beta of 0.89. KBR, Inc. has a 1-year low of $51.33 and a 1-year high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. As a group, equities analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. KBR’s payout ratio is currently 25.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KBR. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Citigroup upped their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. UBS Group upped their target price 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. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.