SG Americas Securities LLC Has $10.03 Million Stock Holdings in KBR, Inc. $KBR

SG Americas Securities LLC grew its position in KBR, Inc. (NYSE:KBR) by 543.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 212,024 shares of the construction company’s stock after acquiring an additional 179,069 shares during the period. SG Americas Securities LLC’s holdings in KBR were worth $10,027,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in KBR by 11.2% during the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after acquiring an additional 8,243 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of KBR by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after purchasing an additional 211,311 shares in the last quarter. Empowered Funds LLC bought a new position in shares of KBR during the 1st quarter valued at about $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of KBR by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock valued at $19,704,000 after purchasing an additional 23,738 shares during the period. Finally, Voya Investment Management LLC increased its stake in KBR by 1.2% during the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KBR. Oppenheimer initiated coverage on shares of KBR in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Bank of America reduced their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Citigroup dropped their price target on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Truist Financial cut their price target on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, KBR currently has a consensus rating of “Hold” and a consensus price target of $57.40.

KBR Stock Up 1.6%

KBR stock opened at $44.41 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. KBR, Inc. has a 1-year low of $39.52 and a 1-year high of $60.98. The company has a fifty day simple moving average of $41.90 and a 200 day simple moving average of $45.59. The company has a market cap of $5.64 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.08 and a beta of 0.52.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. KBR had a net margin of 4.71% and a return on equity of 35.14%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. Research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR’s dividend payout ratio (DPR) is currently 22.68%.

KBR Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.