Victory Capital Management Inc. Decreases Stock Position in KBR, Inc. (NYSE:KBR)

Victory Capital Management Inc. lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,089 shares of the construction company’s stock after selling 2,443 shares during the period. Victory Capital Management Inc.’s holdings in KBR were worth $713,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KBR. Vanguard Group Inc. increased its stake in KBR by 2.6% in the second quarter. Vanguard Group Inc. now owns 13,252,203 shares of the construction company’s stock worth $505,572,000 after purchasing an additional 341,066 shares during the period. Franklin Resources Inc. purchased a new stake in KBR in the second quarter worth $81,859,000. Neuberger Berman Group LLC increased its stake in KBR by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 1,790,329 shares of the construction company’s stock worth $67,679,000 after purchasing an additional 9,472 shares during the period. Charles Schwab Investment Management Inc. increased its stake in KBR by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,052,971 shares of the construction company’s stock worth $40,171,000 after purchasing an additional 15,292 shares during the period. Finally, Systematic Financial Management LP increased its stake in KBR by 17.6% in the second quarter. Systematic Financial Management LP now owns 923,408 shares of the construction company’s stock worth $35,228,000 after purchasing an additional 138,121 shares during the period. Institutional investors own 98.79% of the company’s stock.

In related news, CFO Mark W. Sopp acquired 2,335 shares of the company’s stock in a transaction that occurred on Thursday, December 2nd. The shares were bought at an average price of $42.95 per share, with a total value of $100,288.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by company insiders.

KBR has been the topic of a number of recent analyst reports. Credit Suisse Group increased their target price on KBR from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, October 29th. TheStreet upgraded KBR from a “c” rating to a “b” rating in a research note on Friday, October 29th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, KBR has a consensus rating of “Buy” and a consensus target price of $44.38.

Shares of KBR stock opened at $47.85 on Friday. The firm has a market cap of $6.71 billion, a P/E ratio of -199.37 and a beta of 1.29. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.05. KBR, Inc. has a 12 month low of $28.43 and a 12 month high of $49.99. The stock’s fifty day moving average price is $45.99 and its 200-day moving average price is $41.87.

KBR (NYSE:KBR) last announced its quarterly earnings results on Thursday, October 28th. The construction company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.58 by $0.06. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.55 billion. KBR had a positive return on equity of 20.18% and a negative net margin of 0.49%. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Analysts forecast that KBR, Inc. will post 2.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Wednesday, December 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Tuesday, December 14th. KBR’s payout ratio is currently -183.33%.

KBR Profile

KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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