Pembroke Management LTD Has $9.82 Million Position in KBR, Inc. $KBR

Pembroke Management LTD decreased its holdings in KBR, Inc. (NYSE:KBR) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 207,742 shares of the construction company’s stock after selling 33,064 shares during the quarter. Pembroke Management LTD owned 0.16% of KBR worth $9,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position in KBR by 11.2% in the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after purchasing an additional 8,243 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of KBR by 50.8% in 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 during the period. Empowered Funds LLC acquired a new position in shares of KBR in the 1st quarter worth approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $19,704,000 after buying an additional 23,738 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of 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 buying an additional 241 shares during the period. 97.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KBR shares. Bank of America lowered their price target on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Oppenheimer assumed coverage on shares of KBR in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price on the stock. Citigroup dropped their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Weiss Ratings downgraded shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Wall Street Zen lowered shares of KBR from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, KBR currently has a consensus rating of “Hold” and a consensus target price of $57.40.

KBR Stock Down 0.7%

Shares of NYSE KBR opened at $44.67 on Friday. KBR, Inc. has a 12-month low of $39.52 and a 12-month high of $60.98. The firm’s 50-day simple moving average is $42.12 and its 200 day simple moving average is $45.46. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.11 and a beta of 0.52.

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

KBR Company 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.