Qsemble Capital Management LP Grows Position in KBR, Inc. (NYSE:KBR)

Qsemble Capital Management LP grew its position in shares of KBR, Inc. (NYSE:KBR) by 88.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,898 shares of the construction company’s stock after acquiring an additional 6,040 shares during the quarter. Qsemble Capital Management LP’s holdings in KBR were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC boosted its stake in shares of KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Quarry LP grew its holdings in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank purchased a new stake in shares of KBR during the third quarter valued at approximately $65,000. Finally, Fifth Third Bancorp lifted its holdings in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $61.59 on Wednesday. The company’s 50 day moving average is $66.21 and its 200-day moving average is $65.50. The firm has a market cap of $8.21 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. KBR, Inc. has a 12-month low of $50.45 and a 12-month 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.

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

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KBR. Citigroup raised their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. KeyCorp lifted their price target on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group increased their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.14.

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.