KBR, Inc. $KBR Stock Position Reduced by Entropy Technologies LP

Entropy Technologies LP decreased its position in KBR, Inc. (NYSE:KBR - Free Report) by 52.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,447 shares of the construction company's stock after selling 11,586 shares during the quarter. Entropy Technologies LP's holdings in KBR were worth $501,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Magnetar Financial LLC boosted its holdings in KBR by 406.4% in the second quarter. Magnetar Financial LLC now owns 189,689 shares of the construction company's stock worth $9,094,000 after purchasing an additional 152,227 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of KBR by 25.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 27,183 shares of the construction company's stock valued at $1,303,000 after buying an additional 5,494 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of KBR by 37.5% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 19,331 shares of the construction company's stock valued at $927,000 after buying an additional 5,270 shares during the last quarter. Integrated Quantitative Investments LLC raised its stake in KBR by 108.1% during the second quarter. Integrated Quantitative Investments LLC now owns 33,082 shares of the construction company's stock worth $1,586,000 after acquiring an additional 17,182 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in KBR by 4.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,333 shares of the construction company's stock worth $1,598,000 after acquiring an additional 1,483 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KBR shares. Wells Fargo & Company began coverage on KBR in a research report on Thursday, November 13th. They set an "equal weight" rating and a $45.00 price target on the stock. Stifel Nicolaus upped their price objective on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. DA Davidson cut their target price on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Truist Financial set a $62.00 price target on shares of KBR in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of KBR in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, KBR currently has an average rating of "Hold" and an average target price of $59.00.

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Get Our Latest Report on KBR

KBR Trading Down 1.3%

NYSE:KBR opened at $39.79 on Tuesday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.85 and a beta of 0.68. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. KBR, Inc. has a 1 year low of $39.61 and a 1 year high of $62.14. The business has a fifty day moving average of $44.41 and a 200-day moving average of $48.09.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.07. The business had revenue of $525.00 million for the quarter, compared to analysts' expectations of $1.99 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company's revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. Equities analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. KBR's dividend payout ratio (DPR) is 22.68%.

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.

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