Canada Pension Plan Investment Board lowered its holdings in KBR, Inc. (NYSE:KBR) by 89.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,010 shares of the construction company’s stock after selling 145,400 shares during the period. Canada Pension Plan Investment Board’s holdings in KBR were worth $381,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of KBR in the second quarter worth $179,000. Point72 Hong Kong Ltd grew its holdings in KBR by 514.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 12,289 shares of the construction company’s stock valued at $220,000 after purchasing an additional 10,288 shares in the last quarter. Marshall Wace LLP acquired a new stake in KBR during the 2nd quarter valued at $222,000. Trilogy Capital Inc. acquired a new stake in KBR during the 3rd quarter valued at $234,000. Finally, First Hawaiian Bank acquired a new stake in KBR during the 3rd quarter valued at $311,000. 97.75% of the stock is owned by institutional investors.

NYSE KBR opened at $15.84 on Tuesday. KBR, Inc. has a 12 month low of $14.40 and a 12 month high of $22.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.00 and a beta of 1.11.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. KBR had a net margin of 11.35% and a return on equity of 13.40%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. On average, research analysts expect that KBR, Inc. will post 1.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. KBR’s dividend payout ratio (DPR) is 21.48%.

A number of research firms recently weighed in on KBR. Macquarie lowered shares of KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Wednesday, September 19th. Zacks Investment Research reaffirmed a “strong-buy” rating and set a $23.00 price target on shares of KBR in a report on Tuesday, November 13th. Drexel Hamilton set a $22.00 price target on shares of KBR and gave the company a “buy” rating in a report on Tuesday, October 30th. ValuEngine lowered shares of KBR from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Finally, Credit Suisse Group raised their price target on shares of KBR from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. KBR has a consensus rating of “Buy” and a consensus target price of $23.20.

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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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