Olympiad Research LP Purchases Shares of 7,249 KBR, Inc. (NYSE:KBR)

Olympiad Research LP purchased a new stake in KBR, Inc. (NYSE:KBR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,249 shares of the construction company’s stock, valued at approximately $472,000.

Several other institutional investors have also added to or reduced their stakes in KBR. D. E. Shaw & Co. Inc. boosted its stake in KBR by 29.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after purchasing an additional 520,207 shares in the last quarter. Wolf Hill Capital Management LP raised its position in KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after buying an additional 507,800 shares during the last quarter. Bank of New York Mellon Corp raised its position in KBR by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after buying an additional 113,140 shares during the last quarter. Dimensional Fund Advisors LP raised its position in KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock worth $113,331,000 after buying an additional 196,693 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after buying an additional 1,148,503 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 2.9 %

Shares of KBR opened at $70.00 on Thursday. KBR, Inc. has a 52-week low of $49.69 and a 52-week high of $71.72. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm’s fifty day moving average is $66.33 and its two-hundred day moving average is $65.66. The stock has a market cap of $9.33 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 annualized dividend and a dividend yield of 0.86%. KBR’s payout ratio is 25.21%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KBR. DA Davidson raised their price target on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. KeyCorp lifted their target price on shares of KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Finally, Citigroup boosted their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.71.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.08% of the company’s stock.

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.