D.A. Davidson & CO. Acquires 3,887 Shares of KBR, Inc. (NYSE:KBR)

D.A. Davidson & CO. increased its holdings in KBR, Inc. (NYSE:KBR) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 59,580 shares of the construction company’s stock after buying an additional 3,887 shares during the quarter. D.A. Davidson & CO.’s holdings in KBR were worth $3,451,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of KBR by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after purchasing an additional 203 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of KBR by 1.5% during the 3rd 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 acquiring an additional 300 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after acquiring an additional 335 shares during the period. Finally, True Wealth Design LLC bought a new position in shares of KBR during the 3rd quarter valued at approximately $26,000. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KBR shares. TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, KeyCorp lowered their price target on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Stock Down 1.8 %

NYSE KBR opened at $50.72 on Friday. The stock’s 50 day moving average is $56.34 and its 200 day moving average is $62.02. 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, Inc. has a 12 month low of $49.96 and a 12 month high of $72.60. The stock has a market cap of $6.76 billion, a PE ratio of 21.31, a P/E/G ratio of 0.88 and a beta of 0.83.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is 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.