KBR, Inc. (NYSE:KBR) is Scopia Capital Management LP’s 6th Largest Position

Scopia Capital Management LP boosted its stake in shares of KBR, Inc. (NYSE:KBR) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,206 shares of the construction company’s stock after purchasing an additional 99,208 shares during the period. KBR comprises 4.5% of Scopia Capital Management LP’s portfolio, making the stock its 6th largest holding. Scopia Capital Management LP owned about 0.25% of KBR worth $22,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its holdings in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares during the period. CWM LLC lifted its holdings in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after acquiring an additional 231 shares during the period. Quarry LP boosted its position in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank purchased a new position in KBR in the third quarter worth about $65,000. Finally, Fifth Third Bancorp grew its stake in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Citigroup boosted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Trading Down 0.6 %

Shares of KBR stock opened at $60.83 on Friday. 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 fifty day simple moving average of $66.13 and a two-hundred day simple moving average of $65.41. The firm has a market capitalization of $8.11 billion, a PE ratio of 25.56, a PEG ratio of 1.22 and a beta of 0.89. KBR, Inc. has a 52-week low of $51.33 and a 52-week high of $72.60.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. KBR’s dividend payout ratio is 25.21%.

KBR 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.