Sanctuary Advisors LLC Buys 2,592 Shares of KBR, Inc. (NYSE:KBR)

Sanctuary Advisors LLC lifted its stake in KBR, Inc. (NYSE:KBR) by 73.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,122 shares of the construction company’s stock after buying an additional 2,592 shares during the quarter. Sanctuary Advisors LLC’s holdings in KBR were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of KBR in the third quarter worth about $26,000. Larson Financial Group LLC raised its stake 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 worth $33,000 after buying an additional 487 shares during the period. Quarry LP raised its stake in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the period. Eastern Bank bought a new position in shares of KBR in the third quarter worth about $65,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of KBR in the third quarter worth about $111,000. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of KBR stock opened at $57.05 on Friday. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day moving average price of $62.63 and a 200-day moving average price of $64.45. KBR, Inc. has a one year low of $51.60 and a one year high of $72.60.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts expect that KBR, Inc. will post 3.27 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is currently 25.21%.

Analyst Ratings Changes

Several research firms recently issued reports on KBR. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp increased their target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Friday, September 6th. Finally, UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.

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.