Thrivent Financial for Lutherans Sells 1,187 Shares of KBR, Inc. (NYSE:KBR)

Thrivent Financial for Lutherans reduced its position in KBR, Inc. (NYSE:KBR) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,257 shares of the construction company’s stock after selling 1,187 shares during the period. Thrivent Financial for Lutherans’ holdings in KBR were worth $2,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KBR. Natixis Advisors LLC increased its stake in shares of KBR by 34.6% in the third quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock worth $3,620,000 after purchasing an additional 14,295 shares in the last quarter. Pier 88 Investment Partners LLC lifted its stake in KBR by 25.9% in the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after acquiring an additional 10,420 shares during the period. Victory Capital Management Inc. lifted its position in KBR by 85.1% during the third quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock valued at $3,329,000 after buying an additional 23,491 shares during the period. GSA Capital Partners LLP bought a new position in shares of KBR during the third quarter valued at $771,000. Finally, Versor Investments LP bought a new position in shares of KBR during the third quarter valued at $1,954,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp raised their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Stock Performance

Shares of KBR stock opened at $61.18 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average of $66.18 and a 200 day moving average of $65.44. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. KBR, Inc. has a 1 year low of $50.45 and a 1 year high of $72.60.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. KBR’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts expect that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. KBR’s dividend payout ratio is presently 25.21%.

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.