MetLife Investment Management LLC Sells 1,927 Shares of KBR, Inc. (NYSE:KBR)

MetLife Investment Management LLC lowered its holdings in shares of KBR, Inc. (NYSE:KBR) by 2.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 69,287 shares of the construction company’s stock after selling 1,927 shares during the period. MetLife Investment Management LLC’s holdings in KBR were worth $4,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KBR. Larson Financial Group LLC boosted its position in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC boosted its holdings in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares in the last quarter. Quarry LP boosted its holdings in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank purchased a new stake in shares of KBR in the third quarter worth $65,000. Finally, Fifth Third Bancorp increased its holdings in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup increased their price objective 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. DA Davidson reiterated a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, KeyCorp boosted their price target on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Down 0.6 %

Shares of KBR stock opened at $60.83 on Monday. The company has a market cap of $8.10 billion, a P/E ratio of 25.56, a PEG ratio of 1.21 and a beta of 0.89. KBR, Inc. has a 52-week low of $51.33 and a 52-week high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm’s 50 day moving average price is $66.08 and its 200-day moving average price is $65.37.

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

KBR Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. KBR’s dividend payout ratio (DPR) is presently 25.21%.

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.