US Bancorp DE Grows Stake in KBR, Inc. (NYSE:KBR)

US Bancorp DE grew its position in shares of KBR, Inc. (NYSE:KBR) by 101.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,992 shares of the construction company’s stock after purchasing an additional 1,004 shares during the period. US Bancorp DE’s holdings in KBR were worth $115,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hennessy Advisors Inc. bought a new stake in shares of KBR during the 4th quarter worth $47,022,000. Proficio Capital Partners LLC bought a new stake in shares of KBR during the 4th quarter worth $1,131,000. GSA Capital Partners LLP bought a new stake in shares of KBR during the 3rd quarter worth $771,000. Franklin Resources Inc. lifted its holdings in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after acquiring an additional 1,095 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KBR has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. KeyCorp dropped their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Citigroup dropped their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. TD Cowen lowered their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Performance

KBR stock opened at $50.63 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $6.70 billion, a PE ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The firm has a fifty day simple moving average of $53.86 and a two-hundred day simple moving average of $60.18. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60.

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

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio is 23.57%.

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.