KBR, Inc. $KBR Position Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of KBR, Inc. (NYSE:KBR) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,445 shares of the construction company’s stock after selling 600 shares during the period. Nisa Investment Advisors LLC’s holdings in KBR were worth $3,244,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Boston Partners lifted its holdings in KBR by 35.2% in the first quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock worth $218,648,000 after acquiring an additional 1,142,111 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in KBR by 5,030.1% in the first quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company’s stock worth $45,178,000 after acquiring an additional 889,322 shares during the last quarter. Invesco Ltd. lifted its holdings in KBR by 16.1% in the first quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock worth $245,347,000 after acquiring an additional 683,280 shares during the last quarter. Nuveen LLC bought a new position in KBR in the first quarter worth about $31,454,000. Finally, Dimensional Fund Advisors LP lifted its holdings in KBR by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company’s stock worth $120,891,000 after acquiring an additional 244,094 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

KBR opened at $42.92 on Thursday. The business’s 50 day moving average is $47.46 and its 200-day moving average is $49.44. The stock has a market cap of $5.53 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.86 and a beta of 0.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a twelve month low of $42.74 and a twelve month high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR’s dividend payout ratio (DPR) is currently 23.91%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of KBR from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. DA Davidson cut their target price on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Stifel Nicolaus raised their target price on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Bank of America cut KBR from a “buy” rating to a “neutral” rating and cut their price target for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, Citigroup cut their price target on KBR from $67.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

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.