Vanguard Personalized Indexing Management LLC Grows Position in KBR, Inc. (NYSE:KBR)

Vanguard Personalized Indexing Management LLC raised its holdings in KBR, Inc. (NYSE:KBR) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,165 shares of the construction company’s stock after purchasing an additional 901 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in KBR were worth $973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC bought a new position in KBR in the 1st quarter worth approximately $25,000. Larson Financial Group LLC grew its position in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC raised its stake in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the period. Fifth Third Bancorp lifted its holdings in KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares during the period. Institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

KBR Trading Up 1.2 %

Shares of KBR stock opened at $64.37 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $69.50. The firm has a market cap of $8.64 billion, a PE ratio of -33.53, a PEG ratio of 1.25 and a beta of 0.90. The company has a 50 day simple moving average of $65.41 and a two-hundred day simple moving average of $64.50.

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

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. KBR’s dividend payout ratio is -31.25%.

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.