Norden Group LLC Buys 554 Shares of KBR, Inc. (NYSE:KBR)

Norden Group LLC grew its stake in shares of KBR, Inc. (NYSE:KBR) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,653 shares of the construction company’s stock after purchasing an additional 554 shares during the quarter. Norden Group LLC’s holdings in KBR were worth $733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pier 88 Investment Partners LLC grew its stake in shares of KBR by 25.9% during the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock valued at $3,303,000 after buying an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of KBR during the fourth quarter worth about $47,022,000. GSA Capital Partners LLP purchased a new stake in shares of KBR during the third quarter worth about $771,000. Franklin Resources Inc. boosted its holdings in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after purchasing an additional 305,889 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after purchasing an additional 1,095 shares during the period. 97.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KBR shares. TD Cowen dropped their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp dropped their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Performance

Shares of KBR opened at $48.27 on Tuesday. 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 $47.16 and a one year high of $72.60. The company has a 50-day simple moving average of $55.15 and a two-hundred day simple moving average of $61.22. The firm has a market capitalization of $6.39 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. On average, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio (DPR) is presently 23.57%.

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.