Geode Capital Management LLC Raises Stock Holdings in KBR, Inc. (NYSE:KBR)

Geode Capital Management LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,620,410 shares of the construction company’s stock after acquiring an additional 32,616 shares during the period. Geode Capital Management LLC owned approximately 1.15% of KBR worth $24,597,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new position in shares of KBR during the fourth quarter valued at about $182,000. Dupont Capital Management Corp bought a new position in shares of KBR in the 4th quarter worth about $233,000. Neuburgh Advisers LLC increased its stake in shares of KBR by 5.3% in the 4th quarter. Neuburgh Advisers LLC now owns 17,006 shares of the construction company’s stock worth $258,000 after acquiring an additional 858 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of KBR in the 4th quarter worth about $348,000. Finally, Wakefield Asset Management LLLP bought a new position in shares of KBR in the 4th quarter worth about $345,000. Institutional investors own 98.86% of the company’s stock.

NYSE KBR traded up $0.14 on Monday, reaching $25.08. 1,175,400 shares of the stock were exchanged, compared to its average volume of 1,448,250. KBR, Inc. has a one year low of $13.90 and a one year high of $25.28. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.67 and a beta of 1.45. The firm’s 50-day moving average price is $23.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.31 and a quick ratio of 1.31.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.20 billion. KBR had a net margin of 3.51% and a return on equity of 12.84%. As a group, research analysts predict that KBR, Inc. will post 1.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, June 14th. KBR’s dividend payout ratio is currently 20.92%.

KBR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research report on Friday, May 3rd. TheStreet raised shares of KBR from a “c+” rating to a “b-” rating in a report on Wednesday, April 10th. Cowen reaffirmed a “hold” rating and set a $23.00 price target on shares of KBR in a report on Monday, April 15th. KeyCorp raised their price target on shares of KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, Deutsche Bank set a $24.00 price target on shares of KBR and gave the company a “hold” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. KBR currently has a consensus rating of “Buy” and an average target price of $24.50.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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