Paradigm Asset Management Co. LLC Takes Position in KBR, Inc. $KBR

Paradigm Asset Management Co. LLC bought a new position in shares of KBR, Inc. (NYSE:KBR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,000 shares of the construction company’s stock, valued at approximately $1,151,000.

Several other institutional investors also recently bought and sold shares of KBR. Boston Partners boosted its holdings in shares of KBR by 35.2% during the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock valued at $218,648,000 after purchasing an additional 1,142,111 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of KBR by 5,030.1% during the 1st 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 in the last quarter. Invesco Ltd. boosted its position in shares of KBR by 16.1% during the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock valued at $245,347,000 after acquiring an additional 683,280 shares during the last quarter. Nuveen LLC bought a new position in KBR during the first quarter valued at $31,454,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of KBR by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company’s stock worth $120,891,000 after buying an additional 244,094 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Price Performance

KBR opened at $42.61 on Friday. The business has a fifty day moving average of $46.25 and a 200 day moving average of $49.05. The stock has a market cap of $5.41 billion, a P/E ratio of 15.44, a PEG ratio of 0.85 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a 52-week low of $40.71 and a 52-week high of $72.60.

KBR (NYSE:KBR) last released its earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. As a group, sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR’s dividend payout ratio is currently 22.68%.

Analysts Set New Price Targets

KBR has been the subject of several recent research reports. Truist Financial set a $62.00 price target on KBR in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Bank of America cut KBR from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Citigroup lowered their price target on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.67.

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.