Blair William & Co. IL Purchases Shares of 19,800 KBR, Inc. (NYSE:KBR)

Blair William & Co. IL purchased a new stake in KBR, Inc. (NYSE:KBR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,800 shares of the construction company’s stock, valued at approximately $1,270,000.

Several other large investors have also recently bought and sold shares of KBR. Fifth Third Bancorp grew its position in shares of 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. CWM LLC grew its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of KBR by 0.5% during the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after purchasing an additional 265 shares in the last quarter. Blue Trust Inc. grew its position in shares of KBR by 27.7% during 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 in the last quarter. Finally, Rise Advisors LLC acquired a new position in shares of KBR during the 1st quarter worth approximately $25,000. 97.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on KBR shares. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 20th. DA Davidson reiterated a “buy” rating and set a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus price target of $75.50.

Insider Buying and Selling at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now 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. Company insiders own 1.08% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $64.68 on Wednesday. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $69.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of -33.69, a P/E/G ratio of 1.25 and a beta of 0.90. The firm’s 50 day simple moving average is $65.35 and its 200 day simple moving average is $64.52.

KBR (NYSE:KBR) last issued its 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 net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts expect that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. KBR’s dividend payout ratio is currently -31.25%.

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.