Boston Partners Grows Holdings in KBR, Inc. (NYSE:KBR)

Boston Partners grew its holdings in KBR, Inc. (NYSE:KBR) by 12,326.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,242,416 shares of the construction company’s stock after purchasing an additional 3,216,323 shares during the period. Boston Partners owned about 2.43% of KBR worth $188,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of KBR by 85.1% during the third quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock valued at $3,329,000 after buying an additional 23,491 shares during the period. Natixis Advisors LLC increased its stake in shares of KBR by 34.6% during the third quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock valued at $3,620,000 after buying an additional 14,295 shares during the period. Jennison Associates LLC increased its stake in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after buying an additional 353,209 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of KBR during the third quarter valued at $1,177,000. Finally, Intech Investment Management LLC increased its stake in shares of KBR by 60.4% during the third quarter. Intech Investment Management LLC now owns 43,805 shares of the construction company’s stock valued at $2,853,000 after buying an additional 16,490 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KBR. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. KeyCorp reduced their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Finally, Citigroup reduced their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, KBR has an average rating of “Moderate Buy” and a consensus target price of $75.88.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Performance

KBR opened at $50.94 on Wednesday. KBR, Inc. has a 52-week low of $47.16 and a 52-week high of $72.60. 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 company has a market cap of $6.75 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The firm’s 50-day moving average price is $53.59 and its 200-day moving average price is $59.93.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. As a group, equities analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is 23.57%.

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.