Prosperity Financial Group Inc. Buys 918 Shares of KBR, Inc. (NYSE:KBR)

Prosperity Financial Group Inc. raised its stake in KBR, Inc. (NYSE:KBR) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,623 shares of the construction company’s stock after purchasing an additional 918 shares during the period. Prosperity Financial Group Inc.’s holdings in KBR were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pier 88 Investment Partners LLC boosted its holdings in KBR by 25.9% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock valued at $3,303,000 after purchasing an additional 10,420 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at $47,022,000. Proficio Capital Partners LLC acquired a new position in shares of KBR in the 4th quarter valued at $1,131,000. GSA Capital Partners LLP acquired a new position in shares of KBR in the 3rd quarter valued at $771,000. Finally, Franklin Resources Inc. raised its stake in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. KeyCorp dropped their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Citigroup dropped their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. TD Cowen dropped their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

KBR Trading Down 0.6 %

KBR opened at $50.86 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $6.74 billion, a PE ratio of 21.37, a PEG ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The firm has a 50-day moving average price of $54.33 and a two-hundred day moving average price of $60.55.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, equities analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

KBR 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.