Integrated Quantitative Investments LLC Purchases 17,182 Shares of KBR, Inc. $KBR

Integrated Quantitative Investments LLC raised its position in KBR, Inc. (NYSE:KBR) by 108.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,082 shares of the construction company’s stock after acquiring an additional 17,182 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in KBR were worth $1,586,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pembroke Management LTD boosted its position in KBR by 9.1% during the second quarter. Pembroke Management LTD now owns 240,806 shares of the construction company’s stock worth $11,544,000 after purchasing an additional 19,995 shares during the period. Cerity Partners LLC raised its position in shares of KBR by 697.0% in the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 23,887 shares during the period. Cetera Investment Advisers lifted its stake in shares of KBR by 22.1% during the 1st quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock worth $421,000 after buying an additional 1,531 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of KBR by 11.7% during the 1st quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company’s stock worth $919,000 after buying an additional 1,938 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in KBR in the 1st quarter valued at about $1,081,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KBR has been the subject of several research reports. Bank of America cut their price objective on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Stifel Nicolaus boosted their target price on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Truist Financial set a $62.00 price target on shares of KBR in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.00.

KBR Price Performance

KBR stock opened at $42.03 on Friday. The company’s 50-day moving average price is $45.50 and its two-hundred day moving average price is $48.67. The firm has a market cap of $5.34 billion, a P/E ratio of 15.23, a P/E/G 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 12 month low of $40.71 and a 12 month high of $62.14.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. KBR’s payout ratio is 22.68%.

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.