KBR, Inc. $KBR Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its stake in KBR, Inc. by 97.4% in Q2, owning 8,971 shares worth $430,000. Other investors modified their holdings, with Norges Bank acquiring a new position valued at $92.6M. Analysts have mixed ratings, with Citigroup and Bank of America lowering target prices. KBR's stock opened at $43.69, with a market cap of $5.55B. The company reported Q3 earnings of $1.02 per share, beating estimates. KBR announced a quarterly dividend of $0.165 per share.

Loomis Sayles & Co. L P lessened its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 97.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,971 shares of the construction company's stock after selling 334,332 shares during the period. Loomis Sayles & Co. L P's holdings in KBR were worth $430,000 at the end of the most recent reporting period.

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A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of KBR in the 2nd quarter valued at about $92,565,000. Quadrature Capital Ltd raised its holdings in KBR by 101.5% in the second quarter. Quadrature Capital Ltd now owns 10,311 shares of the construction company's stock valued at $494,000 after buying an additional 5,193 shares during the period. Hsbc Holdings PLC lifted its position in KBR by 224.6% during the second quarter. Hsbc Holdings PLC now owns 59,983 shares of the construction company's stock valued at $2,874,000 after buying an additional 41,506 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in KBR by 98.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company's stock worth $59,000 after buying an additional 608 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of KBR in the second quarter worth $529,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KBR shares. Citigroup reduced their target price on shares of KBR from $62.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, November 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of KBR in a research note on Wednesday, October 8th. Bank of America decreased their target price on KBR from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, November 13th. Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. Finally, Wells Fargo & Company initiated 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. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, KBR presently has an average rating of "Hold" and an average price target of $59.09.

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Read Our Latest Research Report on KBR

KBR Stock Up 4.6%

Shares of NYSE KBR opened at $43.69 on Wednesday. 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 $61.49. The stock's 50-day simple moving average is $43.56 and its 200-day simple moving average is $47.49. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.85 and a beta of 0.54.

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. KBR had a return on equity of 33.65% and a net margin of 4.52%.The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm earned $0.84 EPS. KBR's quarterly revenue was down .3% on a year-over-year basis. As a group, equities analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. KBR's dividend payout ratio (DPR) is presently 22.68%.

KBR Company Profile

(Free Report)

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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