Zurcher Kantonalbank Zurich Cantonalbank Has $2.23 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of KBR, Inc. (NYSE:KBR) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,567 shares of the construction company’s stock after buying an additional 7,465 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KBR were worth $2,234,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KBR. Janney Montgomery Scott LLC boosted its stake in shares of KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after buying an additional 335 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of KBR during the 3rd quarter worth about $771,000. Victory Capital Management Inc. boosted its stake in shares of KBR by 85.1% during the 3rd quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock worth $3,329,000 after buying an additional 23,491 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of KBR by 34.6% during the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock worth $3,620,000 after buying an additional 14,295 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after buying an additional 353,209 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KBR shares. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. TD Cowen dropped their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, KeyCorp dropped their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Up 1.2 %

KBR stock opened at $50.63 on Monday. The stock has a market cap of $6.70 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The company’s 50-day moving average price is $53.86 and its two-hundred day moving average price is $60.18.

KBR (NYSE:KBR) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is presently 23.57%.

KBR Company Profile

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.