Bank of New York Mellon Corp Has $162.50 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Bank of New York Mellon Corp grew its position in shares of KBR, Inc. (NYSE:KBR) by 87.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,805,163 shares of the construction company’s stock after acquiring an additional 1,307,033 shares during the quarter. Bank of New York Mellon Corp’s holdings in KBR were worth $162,503,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KBR. Hennessy Advisors Inc. acquired a new position in KBR during the 4th quarter worth approximately $47,022,000. Jennison Associates LLC boosted its position in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Franklin Resources Inc. boosted its position in KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Van ECK Associates Corp boosted its position in KBR by 33.0% during the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock worth $51,099,000 after acquiring an additional 218,853 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in KBR by 60.2% during the 3rd quarter. TimesSquare Capital Management LLC now owns 549,366 shares of the construction company’s stock worth $35,780,000 after acquiring an additional 206,426 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 1.5 %

KBR opened at $49.02 on Friday. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The stock’s fifty day simple moving average is $55.33 and its 200 day simple moving average is $61.40. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $6.53 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. As a group, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is 23.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on KBR shares. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, KeyCorp cut their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

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.