Jones Financial Companies Lllp Has $126,000 Stake in KBR, Inc. (NYSE:KBR)

Jones Financial Companies Lllp grew its holdings in KBR, Inc. (NYSE:KBR) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,168 shares of the construction company’s stock after buying an additional 596 shares during the period. Jones Financial Companies Lllp’s holdings in KBR were worth $126,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of KBR in the third quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR in the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC lifted its position in shares of KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after buying an additional 1,339 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Price Performance

KBR stock opened at $50.63 on Friday. The stock’s fifty day moving average price is $53.86 and its two-hundred day moving average price is $60.24. KBR, Inc. has a one year low of $47.16 and a one year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $6.70 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. As a group, research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.165 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KBR. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.88.

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.