Aigen Investment Management LP Makes New Investment in KBR, Inc. (NYSE:KBR)

Aigen Investment Management LP bought a new position in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,139 shares of the construction company’s stock, valued at approximately $819,000.

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

Analyst Ratings Changes

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

KBR Trading Down 0.4 %

Shares of KBR opened at $49.99 on Friday. The firm’s 50 day simple moving average is $54.85 and its 200 day simple moving average is $61.03. The company has a market capitalization of $6.62 billion, a P/E ratio of 21.01, a P/E/G ratio of 0.86 and a beta of 0.83. 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 1-year low of $47.16 and a 1-year high of $72.60.

KBR (NYSE:KBR) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. KBR’s dividend payout ratio (DPR) is 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.