Bank of Montreal Can Reduces Stake in KBR, Inc. (NYSE:KBR)

Bank of Montreal Can reduced its stake in KBR, Inc. (NYSE:KBR) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 484,968 shares of the construction company’s stock after selling 972 shares during the quarter. Bank of Montreal Can owned approximately 0.36% of KBR worth $31,125,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KBR. Price T Rowe Associates Inc. MD grew its holdings in KBR by 2.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company’s stock valued at $14,967,000 after buying an additional 4,804 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of KBR by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company’s stock valued at $3,792,000 after purchasing an additional 3,518 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of KBR by 11.9% in the 1st quarter. Tidal Investments LLC now owns 5,411 shares of the construction company’s stock valued at $344,000 after purchasing an additional 574 shares during the last quarter. Comerica Bank lifted its stake in shares of KBR by 27.5% in the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after purchasing an additional 15,651 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of KBR by 21.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 71,144 shares of the construction company’s stock valued at $4,529,000 after purchasing an additional 12,792 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Performance

KBR opened at $61.18 on Friday. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. KBR, Inc. has a 1-year low of $50.45 and a 1-year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day moving average price of $66.18 and a two-hundred day moving average price of $65.44.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. KBR’s dividend payout ratio is presently 25.21%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KBR shares. DA Davidson reissued a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. UBS Group raised their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup raised their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, KBR presently 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.