Dimensional Fund Advisors LP Acquires 196,693 Shares of KBR, Inc. (NYSE:KBR)

Dimensional Fund Advisors LP increased its holdings in KBR, Inc. (NYSE:KBR) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,766,916 shares of the construction company’s stock after acquiring an additional 196,693 shares during the period. Dimensional Fund Advisors LP owned about 1.32% of KBR worth $113,331,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. grew its holdings in shares of KBR by 8.8% in the second quarter. American Century Companies Inc. now owns 22,477 shares of the construction company’s stock valued at $1,442,000 after acquiring an additional 1,809 shares in the last quarter. Headlands Technologies LLC grew its holdings in KBR by 17.2% during the second quarter. Headlands Technologies LLC now owns 6,897 shares of the construction company’s stock valued at $442,000 after purchasing an additional 1,012 shares during the period. Coldstream Capital Management Inc. grew its holdings in KBR by 2.1% during the second quarter. Coldstream Capital Management Inc. now owns 34,439 shares of the construction company’s stock valued at $2,209,000 after purchasing an additional 720 shares during the period. Levin Capital Strategies L.P. bought a new position in KBR during the second quarter valued at $449,000. Finally, Texas Permanent School Fund Corp grew its holdings in KBR by 8.6% during the second quarter. Texas Permanent School Fund Corp now owns 128,362 shares of the construction company’s stock valued at $8,233,000 after purchasing an additional 10,208 shares during the period. 97.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

KBR Trading Up 1.2 %

Shares of KBR stock opened at $64.37 on Tuesday. The business’s fifty day moving average is $65.41 and its 200 day moving average is $64.50. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $69.50. 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 company has a market capitalization of $8.64 billion, a PE ratio of -33.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

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

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. KBR’s payout ratio is presently -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.