Jacobs Levy Equity Management Inc. Cuts Position in KBR, Inc. (NYSE:KBR)

Jacobs Levy Equity Management Inc. lowered its holdings in KBR, Inc. (NYSE:KBR) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,000,155 shares of the construction company’s stock after selling 46,119 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in KBR were worth $130,270,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Empyrean Capital Partners LP acquired a new stake in KBR during the second quarter valued at approximately $47,274,000. D. E. Shaw & Co. Inc. grew its holdings in shares of 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 valued at $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP raised its holdings in shares of KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after purchasing an additional 507,800 shares during the period. Jennison Associates LLC grew its position in shares of KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after purchasing an additional 353,209 shares in the last quarter. Finally, Davidson Kempner Capital Management LP grew its stake in shares of KBR by 913.1% in the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock worth $19,175,000 after purchasing an additional 269,448 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

KBR stock opened at $61.06 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $51.60 and a 12-month high of $72.60. The stock has a market cap of $8.14 billion, a P/E ratio of 25.66, a PEG ratio of 1.21 and a beta of 0.84. The company has a 50-day moving average price of $66.08 and a 200 day moving average price of $65.36.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Sell-side analysts anticipate that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. KBR’s payout ratio is presently 25.21%.

Analyst Ratings Changes

Several analysts have issued reports on KBR shares. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. DA Davidson reiterated a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. Citigroup upped their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group raised their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.14.

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.