Victory Capital Management Inc. Boosts Stake in KBR, Inc. (NYSE:KBR)

Victory Capital Management Inc. lifted its holdings in KBR, Inc. (NYSE:KBR) by 85.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,109 shares of the construction company’s stock after buying an additional 23,491 shares during the period. Victory Capital Management Inc.’s holdings in KBR were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in KBR during the third quarter worth about $771,000. Boston Partners raised its stake in KBR by 49.4% during the first quarter. Boston Partners now owns 84,965 shares of the construction company’s stock worth $5,410,000 after purchasing an additional 28,091 shares during the period. Comerica Bank raised its stake in KBR by 27.5% during the first quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock worth $4,620,000 after purchasing an additional 15,651 shares during the period. Asset Management One Co. Ltd. purchased a new position in KBR during the third quarter worth about $1,928,000. Finally, Versor Investments LP purchased a new position in KBR during the third quarter worth about $1,954,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Trading Up 2.5 %

Shares of KBR stock opened at $61.76 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $8.23 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. The company has a 50 day moving average price of $66.21 and a 200 day moving average price of $65.55. KBR, Inc. has a fifty-two week low of $50.45 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last announced 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Equities research analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KBR shares. KeyCorp lifted their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Citigroup lifted their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson reiterated a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. Finally, StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Company 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.