True Wealth Design LLC Invests $26,000 in KBR, Inc. (NYSE:KBR)

True Wealth Design LLC bought a new stake in KBR, Inc. (NYSE:KBR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 406 shares of the construction company’s stock, valued at approximately $26,000.

A number of other large investors have also added to or reduced their stakes in KBR. Larson Financial Group LLC increased its position in 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 purchasing an additional 487 shares during the period. CWM LLC grew its stake in shares of KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after buying an additional 231 shares during the period. Quarry LP increased its holdings in shares of KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank acquired a new position in KBR during the third quarter worth $65,000. Finally, Fifth Third Bancorp boosted its stake in 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 last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $61.06 on Tuesday. The stock has a market cap of $8.14 billion, a PE ratio of 25.66, a PEG ratio of 1.21 and a beta of 0.89. The company’s fifty day moving average is $66.08 and its 200 day moving average is $65.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $51.60 and a 52 week high of $72.60.

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

KBR Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. KeyCorp lifted 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. UBS Group upped their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the stock 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 report on Tuesday, November 19th. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.14.

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.