Creative Planning Increases Position in KBR, Inc. (NYSE:KBR)

Creative Planning lifted its position in shares of KBR, Inc. (NYSE:KBR) by 20.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,373 shares of the construction company’s stock after purchasing an additional 1,255 shares during the period. Creative Planning’s holdings in KBR were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Algert Global LLC lifted its stake in KBR by 95.9% during the second quarter. Algert Global LLC now owns 58,099 shares of the construction company’s stock worth $3,726,000 after purchasing an additional 28,439 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of KBR in the 2nd quarter valued at $9,582,000. Mackenzie Financial Corp acquired a new position in KBR in the second quarter valued at $3,493,000. D. E. Shaw & Co. Inc. grew its stake in KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after buying an additional 520,207 shares during the last quarter. Finally, Empyrean Capital Partners LP purchased a new position in shares of KBR during the second quarter worth approximately $47,274,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

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

KBR Stock Down 2.3 %

KBR stock opened at $67.87 on Wednesday. The company’s 50 day simple moving average is $65.54 and its 200-day simple moving average is $65.10. The firm has a market capitalization of $9.11 billion, a PE ratio of -35.35, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $69.77.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts expect that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th were issued a $0.15 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 0.88%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction dated 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.08% of the company’s stock.

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.