Ieq Capital LLC Buys 6,784 Shares of KBR, Inc. (NYSE:KBR)

Ieq Capital LLC raised its stake in shares of KBR, Inc. (NYSE:KBR) by 129.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,005 shares of the construction company’s stock after buying an additional 6,784 shares during the quarter. Ieq Capital LLC’s holdings in KBR were worth $695,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after purchasing an additional 469 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in KBR during the 3rd quarter valued at about $297,000. State of Alaska Department of Revenue raised its holdings in KBR by 162.6% in the third quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company’s stock worth $2,503,000 after buying an additional 23,810 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of KBR in the third quarter worth approximately $221,000. Finally, Diversify Wealth Management LLC grew its holdings in shares of KBR by 15.6% during the third quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company’s stock valued at $410,000 after buying an additional 824 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Stock Down 3.8 %

KBR stock opened at $48.29 on Wednesday. The stock has a market cap of $6.43 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $55.82 and a 200 day moving average of $61.69. KBR, Inc. has a one year low of $47.19 and a one year high of $72.60.

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

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is currently 27.73%.

Analyst Ratings Changes

KBR has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. TD Cowen decreased their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. UBS Group increased their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup reduced their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

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.