Point72 Hong Kong Ltd Has $2.35 Million Holdings in KBR, Inc. (NYSE:KBR)

Point72 Hong Kong Ltd lowered its stake in shares of KBR, Inc. (NYSE:KBR) by 41.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 36,055 shares of the construction company’s stock after selling 25,801 shares during the period. Point72 Hong Kong Ltd’s holdings in KBR were worth $2,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBR. Pier 88 Investment Partners LLC increased its stake in shares of KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 10,420 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of KBR in the third quarter worth about $771,000. Boston Partners boosted its position in shares of KBR by 49.4% in the first quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after acquiring an additional 28,091 shares during the period. Comerica Bank grew its stake in KBR by 27.5% during the first quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after acquiring an additional 15,651 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in KBR during the 3rd quarter worth approximately $1,928,000. 97.02% of the stock is owned by institutional investors.

KBR Stock Down 0.6 %

Shares of KBR opened at $60.83 on Monday. The firm has a market cap of $8.10 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.21 and a beta of 0.89. KBR, Inc. has a 1 year low of $51.33 and a 1 year high of $72.60. The stock has a 50 day simple moving average of $66.08 and a two-hundred day simple moving average of $65.37. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. KBR’s dividend payout ratio (DPR) is currently 25.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup boosted 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 target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.14.

KBR 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.