Custom Index Systems LLC Acquires 1,381 Shares of KBR, Inc. (NYSE:KBR)

Custom Index Systems LLC increased its holdings in KBR, Inc. (NYSE:KBR) by 22.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,477 shares of the construction company’s stock after buying an additional 1,381 shares during the period. Custom Index Systems LLC’s holdings in KBR were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norden Group LLC boosted its holdings in KBR by 30.8% in the 2nd quarter. Norden Group LLC now owns 12,083 shares of the construction company’s stock valued at $775,000 after purchasing an additional 2,845 shares during the period. Arizona State Retirement System boosted its holdings in KBR by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 37,814 shares of the construction company’s stock valued at $2,425,000 after purchasing an additional 712 shares during the period. Strategy Asset Managers LLC bought a new position in KBR in the 2nd quarter valued at $277,000. Larson Financial Group LLC boosted its holdings in KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares during the period. Finally, Pembroke Management LTD boosted its holdings in KBR by 74.9% in the 2nd quarter. Pembroke Management LTD now owns 225,728 shares of the construction company’s stock valued at $14,478,000 after purchasing an additional 96,683 shares during the period. 97.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KBR has been the subject of several analyst reports. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a report on Friday. UBS Group raised their price target on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Finally, DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.50.

Insider Buying and Selling

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on 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 owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.08% of the stock is owned by corporate insiders.

KBR Price Performance

Shares of NYSE:KBR opened at $62.04 on Friday. The stock has a market cap of $8.33 billion, a PE ratio of -32.31, a PEG ratio of 1.43 and a beta of 0.90. The company’s fifty day moving average is $65.83 and its 200 day moving average is $64.32. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $69.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. Research analysts anticipate that KBR, Inc. will post 3.24 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is presently -31.25%.

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.