Rhumbline Advisers Grows Holdings in KBR, Inc. (NYSE:KBR)

Rhumbline Advisers raised its position in KBR, Inc. (NYSE:KBR) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,496 shares of the construction company’s stock after purchasing an additional 4,431 shares during the period. Rhumbline Advisers owned about 0.27% of KBR worth $20,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in KBR by 34.3% in the 4th quarter. Blue Trust Inc. now owns 2,586 shares of the construction company’s stock valued at $150,000 after purchasing an additional 660 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of KBR by 1.7% during the 4th quarter. New York State Teachers Retirement System now owns 153,395 shares of the construction company’s stock valued at $8,886,000 after acquiring an additional 2,520 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of KBR by 33.0% during the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock valued at $51,099,000 after acquiring an additional 218,853 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of KBR by 840.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,907 shares of the construction company’s stock valued at $284,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in shares of KBR during the 4th quarter valued at about $295,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KBR. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen dropped their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. KeyCorp dropped their target price on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. DA Davidson reissued a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. Finally, Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

KBR Stock Down 1.8 %

NYSE KBR opened at $50.72 on Friday. The stock has a market cap of $6.76 billion, a PE ratio of 21.31, a P/E/G ratio of 0.88 and a beta of 0.83. KBR, Inc. has a fifty-two week low of $49.96 and a fifty-two week high of $72.60. The business has a 50 day moving average price of $56.34 and a two-hundred day moving average price of $62.02. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. KBR’s dividend payout ratio is 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.