Jennison Associates LLC Purchases 353,209 Shares of KBR, Inc. (NYSE:KBR)

Jennison Associates LLC grew its holdings in KBR, Inc. (NYSE:KBR) by 27.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,621,740 shares of the construction company’s stock after acquiring an additional 353,209 shares during the quarter. Jennison Associates LLC owned 1.22% of KBR worth $105,624,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in shares of KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of KBR in the 2nd quarter valued at approximately $47,274,000. D. E. Shaw & Co. Inc. raised its stake in 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 buying an additional 520,207 shares in the last quarter. Wolf Hill Capital Management LP grew its stake in KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after buying an additional 507,800 shares during the last quarter. Finally, Davidson Kempner Capital Management LP lifted 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 worth $19,175,000 after acquiring an additional 269,448 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KBR has been the subject of several recent analyst reports. KeyCorp raised their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. UBS Group raised their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Stock Down 0.5 %

Shares of KBR opened at $58.02 on Thursday. 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, Inc. has a one year low of $50.45 and a one year high of $72.60. The company has a market capitalization of $7.73 billion, a P/E ratio of 24.38, a PEG ratio of 1.17 and a beta of 0.89. The business’s 50 day simple moving average is $66.25 and its 200-day simple moving average is $65.64.

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

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is currently 25.21%.

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.