KBR, Inc. $KBR Stock Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its position in shares of KBR, Inc. (NYSE:KBR) by 48,260.8% in the 3rd quarter, Holdings Channel reports. The fund owned 35,787 shares of the construction company’s stock after buying an additional 35,713 shares during the quarter. Fulcrum Asset Management LLP’s holdings in KBR were worth $1,257,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd increased its holdings in KBR by 32.3% in the 3rd quarter. Covestor Ltd now owns 3,647 shares of the construction company’s stock worth $128,000 after acquiring an additional 890 shares during the last quarter. Trek Financial LLC bought a new stake in KBR in the 3rd quarter valued at about $7,667,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in KBR by 7.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 40,349 shares of the construction company’s stock valued at $1,419,000 after purchasing an additional 2,763 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in KBR during the third quarter valued at about $54,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in KBR during the third quarter valued at about $31,000. Institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of KBR from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. UBS Group upped their price target on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Wells Fargo & Company upped their price target on shares of KBR from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, November 2nd. Finally, Wall Street Zen raised shares of KBR from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, KBR has a consensus rating of “Hold” and an average price target of $44.83.

KBR Stock Down 6.5%

KBR opened at $36.36 on Thursday. The company has a fifty day moving average price of $36.74 and a 200-day moving average price of $36.98. The firm has a market capitalization of $4.59 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 2.10 and a beta of 0.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.94 and a quick ratio of 0.94. KBR, Inc. has a one year low of $29.94 and a one year high of $45.37.

KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. KBR had a return on equity of 31.66% and a net margin of 5.65%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the business posted $1.02 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that KBR, Inc. will post 4.01 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be given a dividend of $0.1650 per share. This represents a $0.66 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, December 15th. KBR’s payout ratio is presently 18.97%.

About KBR

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.