Renaissance Technologies LLC Acquires 72,300 Shares of KBR, Inc. (NYSE:KBR)

Renaissance Technologies LLC raised its holdings in KBR, Inc. (NYSE:KBR) by 33.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,500 shares of the construction company’s stock after buying an additional 72,300 shares during the period. Renaissance Technologies LLC owned about 0.21% of KBR worth $18,312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of KBR in the fourth quarter worth approximately $77,193,000. Jacobs Levy Equity Management Inc. grew its stake in shares of KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after acquiring an additional 1,148,503 shares during the period. Freshford Capital Management LLC increased its holdings in KBR by 55.5% in the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after acquiring an additional 344,800 shares during the last quarter. Van ECK Associates Corp lifted its holdings in KBR by 85.2% during the second quarter. Van ECK Associates Corp now owns 523,020 shares of the construction company’s stock valued at $33,547,000 after purchasing an additional 240,677 shares during the last quarter. Finally, Onex Canada Asset Management Inc. bought a new position in KBR during the fourth quarter worth about $11,742,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by insiders.

KBR Price Performance

NYSE:KBR opened at $63.55 on Friday. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of -33.10, a P/E/G ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day moving average of $65.47 and a 200 day moving average of $64.43. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $69.50.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. On average, research analysts expect that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, September 16th. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Analysts Set New Price Targets

KBR has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and an average price target of $75.50.

KBR 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.