Rational Advisors LLC Has $2.42 Million Holdings in KBR, Inc. (NYSE:KBR)

Rational Advisors LLC increased its stake in shares of KBR, Inc. (NYSE:KBR) by 128.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,200 shares of the construction company’s stock after acquiring an additional 20,900 shares during the period. Rational Advisors LLC’s holdings in KBR were worth $2,423,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of KBR. D. E. Shaw & Co. Inc. increased its position in KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP boosted its holdings in shares of KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after purchasing an additional 507,800 shares in the last quarter. Bank of New York Mellon Corp increased its position in KBR by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after purchasing an additional 113,140 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock worth $113,331,000 after buying an additional 196,693 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of recent research reports. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. Citigroup raised their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp upped their price objective on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. UBS Group lifted their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, DA Davidson upped their target price on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.71.

Insider Buying and Selling at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $67.38 on Tuesday. KBR, Inc. has a 52 week low of $49.69 and a 52 week high of $71.38. The firm’s 50-day simple moving average is $66.29 and its two-hundred day simple moving average is $65.55. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently 25.21%.

KBR Company Profile

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.