Cerity Partners LLC Buys 5,020 Shares of KBR, Inc. (NYSE:KBR)

Cerity Partners LLC grew its stake in shares of KBR, Inc. (NYSE:KBR) by 126.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,993 shares of the construction company’s stock after purchasing an additional 5,020 shares during the period. Cerity Partners LLC’s holdings in KBR were worth $586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pier 88 Investment Partners LLC boosted its holdings in shares of KBR by 25.9% during 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 buying an additional 10,420 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in KBR in the third quarter worth about $771,000. Asset Management One Co. Ltd. bought a new position in shares of KBR during the third quarter valued at approximately $1,928,000. Versor Investments LP purchased a new position in shares of KBR during the third quarter valued at approximately $1,954,000. Finally, Rational Advisors LLC lifted its holdings in shares of KBR by 128.2% during the third quarter. Rational Advisors LLC now owns 37,200 shares of the construction company’s stock valued at $2,423,000 after purchasing an additional 20,900 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Down 1.7 %

Shares of NYSE KBR opened at $59.40 on Friday. KBR, Inc. has a 52-week low of $51.60 and a 52-week high of $72.60. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.21 and a beta of 0.84. The stock has a 50 day moving average price of $65.69 and a 200 day moving average price of $65.18. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Wall Street Analyst Weigh In

KBR has been the subject of a number of recent research reports. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. UBS Group lifted their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, KBR currently 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.