Janney Montgomery Scott LLC Acquires 335 Shares of KBR, Inc. (NYSE:KBR)

Janney Montgomery Scott LLC increased its holdings in KBR, Inc. (NYSE:KBR) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,764 shares of the construction company’s stock after purchasing an additional 335 shares during the quarter. Janney Montgomery Scott LLC’s holdings in KBR were worth $766,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KBR. State Board of Administration of Florida Retirement System grew its stake in shares of KBR by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 87,941 shares of the construction company’s stock worth $5,598,000 after purchasing an additional 3,800 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in KBR by 4.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,027 shares of the construction company’s stock valued at $1,084,000 after buying an additional 686 shares during the period. Natixis acquired a new position in KBR in the first quarter valued at $7,353,000. MQS Management LLC acquired a new position in KBR in the first quarter valued at $210,000. Finally, Cloverfields Capital Group LP lifted its holdings in KBR by 369.3% in the first quarter. Cloverfields Capital Group LP now owns 80,820 shares of the construction company’s stock valued at $5,145,000 after buying an additional 63,599 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR opened at $58.65 on Monday. The firm’s 50-day moving average price is $66.43 and its 200-day moving average price is $65.81. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The firm has a market capitalization of $7.81 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.17 and a beta of 0.89. 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 posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities research analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio is presently 25.21%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KBR shares. DA Davidson boosted their target price on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, October 25th. KeyCorp boosted their target price on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group boosted their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, KBR 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.