Dynasty Wealth Management LLC Purchases New Stake in KBR, Inc. (NYSE:KBR)

Dynasty Wealth Management LLC acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,722 shares of the construction company’s stock, valued at approximately $274,000.

Several other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of KBR during the 3rd quarter valued at $297,000. State of Alaska Department of Revenue boosted its position in shares of KBR by 162.6% in the third quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company’s stock worth $2,503,000 after buying an additional 23,810 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of KBR in the third quarter worth about $221,000. Diversify Wealth Management LLC boosted its position in shares of KBR by 15.6% in the third quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company’s stock worth $410,000 after buying an additional 824 shares during the period. Finally, Congress Asset Management Co. boosted its position in shares of KBR by 16.5% in the third quarter. Congress Asset Management Co. now owns 191,277 shares of the construction company’s stock worth $12,458,000 after buying an additional 27,092 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of KBR stock opened at $49.02 on Friday. The firm has a market cap of $6.53 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The firm has a fifty day moving average of $55.33 and a two-hundred day moving average of $61.40. 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 posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

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

Wall Street Analyst Weigh In

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

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.