State of New Jersey Common Pension Fund D lowered its stake in KBR, Inc. (NYSE:KBR) by 27.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,700,000 shares of the construction company’s stock after selling 630,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in KBR were worth $35,921,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC lifted its holdings in KBR by 1,452.9% in the 1st quarter. Summit Trail Advisors LLC now owns 105,519 shares of the construction company’s stock valued at $106,000 after purchasing an additional 98,724 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in KBR in the 2nd quarter valued at $143,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in KBR in the 2nd quarter valued at $158,000. Janney Montgomery Scott LLC purchased a new position in KBR in the 2nd quarter valued at $179,000. Finally, Verition Fund Management LLC purchased a new position in KBR in the 1st quarter valued at $192,000. 97.32% of the stock is currently owned by hedge funds and other institutional investors.

NYSE KBR opened at $20.56 on Thursday. KBR, Inc. has a 52 week low of $14.40 and a 52 week high of $22.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $2.97 billion, a PE ratio of 13.80, a P/E/G ratio of 1.66 and a beta of 1.17.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, July 30th. The construction company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. KBR had a return on equity of 14.21% and a net margin of 11.69%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Sell-side analysts expect that KBR, Inc. will post 1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. KBR’s dividend payout ratio is presently 21.48%.

A number of brokerages have weighed in on KBR. MKM Partners set a $25.00 price objective on KBR and gave the company a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research lowered KBR from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Credit Suisse Group raised their price objective on KBR from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. KeyCorp raised their price objective on KBR from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. Finally, Citigroup raised their price objective on KBR from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, July 23rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.18.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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