Nomura Asset Management Co. Ltd. Acquires 2,144 Shares of KBR, Inc. (NYSE:KBR)

Nomura Asset Management Co. Ltd. increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 278.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,914 shares of the construction company’s stock after acquiring an additional 2,144 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in KBR were worth $190,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KBR. Empyrean Capital Partners LP bought a new position in KBR in the 2nd quarter worth about $47,274,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of KBR by 29.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after purchasing an additional 520,207 shares during the period. Wolf Hill Capital Management LP grew its stake in KBR by 37.1% in the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after purchasing an additional 507,800 shares in the last quarter. Jennison Associates LLC increased its holdings 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 purchasing an additional 353,209 shares during the period. Finally, Davidson Kempner Capital Management LP raised its position in KBR by 913.1% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock valued at $19,175,000 after purchasing an additional 269,448 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Trading Down 0.4 %

NYSE KBR opened at $58.47 on Monday. KBR, Inc. has a 52 week low of $51.60 and a 52 week high of $72.60. The company has a 50 day moving average price of $64.95 and a 200 day moving average price of $64.93. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $7.79 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. The business 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 period in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts forecast that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup raised their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. 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 presently has an average rating of “Moderate Buy” and an average target price 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.