Engineers Gate Manager LP acquired a new position in KBR, Inc. (NYSE:KBR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,762 shares of the construction company’s stock, valued at approximately $848,000.
Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP bought a new position in KBR in the 2nd quarter worth approximately $162,000. Vanguard Group Inc. grew its holdings in KBR by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after buying an additional 334,896 shares in the last quarter. Engine Capital Management LLC grew its holdings in KBR by 195.2% in the 3rd quarter. Engine Capital Management LLC now owns 1,149,672 shares of the construction company’s stock worth $20,556,000 after buying an additional 760,184 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in KBR by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 452,945 shares of the construction company’s stock worth $8,099,000 after buying an additional 9,174 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in KBR during the 3rd quarter valued at $699,000.
A number of equities analysts have issued reports on the company. Citigroup increased their price target on KBR from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, February 5th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group increased their price target on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, TheStreet raised KBR from a “c” rating to a “b-” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. KBR currently has an average rating of “Buy” and an average price target of $21.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.81%. KBR’s dividend payout ratio (DPR) is presently 62.75%.
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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