Diversify Wealth Management LLC Acquires 824 Shares of KBR, Inc. (NYSE:KBR)

Diversify Wealth Management LLC raised its position in shares of KBR, Inc. (NYSE:KBR) by 15.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,099 shares of the construction company’s stock after purchasing an additional 824 shares during the quarter. Diversify Wealth Management LLC’s holdings in KBR were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KBR. State of Michigan Retirement System grew its position in shares of KBR by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 33,111 shares of the construction company’s stock worth $2,108,000 after buying an additional 700 shares during the period. Norden Group LLC lifted its holdings in shares of KBR by 40.7% in the 1st quarter. Norden Group LLC now owns 9,238 shares of the construction company’s stock worth $588,000 after purchasing an additional 2,672 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of KBR in the 1st quarter worth $352,000. Sequoia Financial Advisors LLC lifted its holdings in shares of KBR by 2.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,443 shares of the construction company’s stock worth $1,047,000 after purchasing an additional 449 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of KBR by 1.2% in the 1st quarter. BNP Paribas Financial Markets now owns 95,824 shares of the construction company’s stock worth $6,100,000 after purchasing an additional 1,143 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KBR. UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson raised their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. KeyCorp raised their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. TD Cowen cut 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. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target of $78.88.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

KBR Trading Up 0.4 %

Shares of KBR stock opened at $67.29 on Friday. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $71.38. The firm has a fifty day moving average price of $66.29 and a 200-day moving average price of $65.51. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.36 and a beta of 0.90.

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

KBR Announces Dividend

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

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.