Central Pacific Bank Trust Division Increases Position in KBR, Inc. (NYSE:KBR)

Central Pacific Bank Trust Division boosted its holdings in KBR, Inc. (NYSE:KBR) by 45.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,088 shares of the construction company’s stock after purchasing an additional 1,600 shares during the period. Central Pacific Bank Trust Division’s holdings in KBR were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KBR. Pier 88 Investment Partners LLC grew its position in shares of KBR by 25.9% during the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares in the last quarter. GSA Capital Partners LLP acquired a new position in KBR during the 3rd quarter worth $771,000. Franklin Resources Inc. increased its position 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 worth $167,876,000 after purchasing an additional 305,889 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of KBR in the 3rd quarter valued at about $1,928,000. Finally, Versor Investments LP bought a new position in shares of KBR during the third quarter worth about $1,954,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

KBR has been the subject of several research analyst reports. Citigroup boosted their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. KeyCorp boosted their target price on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Stock Performance

Shares of KBR opened at $59.01 on Friday. The firm has a fifty day moving average of $61.58 and a 200-day moving average of $64.25. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85. 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, Inc. has a 1 year low of $51.60 and a 1 year high of $72.60.

KBR (NYSE:KBR) last posted its earnings results 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 during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.75 EPS. KBR’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. KBR’s dividend payout ratio (DPR) is presently 25.21%.

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.