Jane Street Group LLC Invests $223,000 in KBR, Inc. (KBR)

Jane Street Group LLC bought a new position in shares of KBR, Inc. (NYSE:KBR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,474 shares of the construction company’s stock, valued at approximately $223,000.

Several other hedge funds have also recently added to or reduced their stakes in KBR. Stifel Financial Corp bought a new stake in KBR in the third quarter valued at about $194,000. RK Capital Management LLC grew its stake in KBR by 12.3% in the third quarter. RK Capital Management LLC now owns 669,000 shares of the construction company’s stock valued at $11,962,000 after acquiring an additional 73,500 shares during the period. Formula Growth Ltd. grew its stake in KBR by 100.0% in the third quarter. Formula Growth Ltd. now owns 360,000 shares of the construction company’s stock valued at $6,437,000 after acquiring an additional 180,000 shares during the period. Dimensional Fund Advisors LP grew its stake in KBR by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,890,996 shares of the construction company’s stock valued at $87,452,000 after acquiring an additional 24,652 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in KBR by 3.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 773,485 shares of the construction company’s stock valued at $13,830,000 after acquiring an additional 23,840 shares during the period. Institutional investors own 99.74% of the company’s stock.

KBR, Inc. (NYSE:KBR) opened at $19.44 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2,721.75, a PE ratio of 38.12, a PEG ratio of 1.47 and a beta of 1.04. KBR, Inc. has a 52-week low of $13.36 and a 52-week high of $21.25.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. KBR’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) earnings per share. research analysts anticipate that KBR, Inc. will post 1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.65%. KBR’s dividend payout ratio is currently 62.75%.

A number of research analysts have issued reports on KBR shares. TheStreet raised KBR from a “c” rating to a “b-” rating in a research note on Tuesday, October 31st. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. KeyCorp reissued a “buy” rating and issued a $20.00 target price on shares of KBR in a research note on Friday, October 6th. Deutsche Bank boosted their target price on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.00.

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About KBR

KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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