KBR, Inc. (NYSE:KBR) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd trimmed its holdings in KBR, Inc. (NYSE:KBR) by 64.9% in the third quarter, HoldingsChannel.com reports. The firm owned 11,790 shares of the construction company’s stock after selling 21,754 shares during the quarter. Point72 DIFC Ltd’s holdings in KBR were worth $768,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of KBR during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC grew its holdings in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC increased its position in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP lifted its holdings in shares of KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of KBR in the 3rd quarter valued at about $65,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Performance

NYSE KBR opened at $60.40 on Friday. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. The company has a market capitalization of $8.05 billion, a P/E ratio of 25.38, a PEG ratio of 1.21 and a beta of 0.84. The business has a 50 day moving average price of $65.87 and a 200 day moving average price of $65.27. 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 (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $0.75 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is presently 25.21%.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of research reports. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp boosted their price target on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

About KBR

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.