KBR (NYSE:KBR) Position Boosted by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its holdings in shares of KBR (NYSE:KBR) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,920 shares of the construction company’s stock after buying an additional 14,366 shares during the quarter. UBS Asset Management Americas Inc. owned 0.09% of KBR worth $2,517,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation purchased a new position in shares of KBR during the 3rd quarter valued at approximately $113,000. Balter Liquid Alternatives LLC bought a new position in KBR during the fourth quarter worth $138,000. Stifel Financial Corp bought a new position in KBR during the third quarter worth $194,000. Oakbrook Investments LLC bought a new position in KBR during the fourth quarter worth $204,000. Finally, Trexquant Investment LP bought a new position in KBR during the third quarter worth $220,000. Institutional investors own 99.59% of the company’s stock.

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Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, January 17th. Credit Suisse Group cut KBR from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $16.00 in a research note on Monday, February 26th. Alembic Global Advisors set a $24.00 price objective on KBR and gave the stock a “buy” rating in a research note on Monday, February 26th. ValuEngine cut KBR from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Citigroup raised their target price on KBR from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. KBR has a consensus rating of “Hold” and a consensus price target of $19.50.

Shares of KBR traded down $0.55 during trading hours on Friday, reaching $15.84. 1,995,757 shares of the company’s stock traded hands, compared to its average volume of 1,932,616. The firm has a market capitalization of $2,221.85, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. KBR has a twelve month low of $13.36 and a twelve month high of $21.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.33 and a current ratio of 1.33.

KBR (NYSE:KBR) last released its earnings results on Friday, February 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $930.00 million for the quarter, compared to analyst estimates of $1.01 billion. KBR had a return on equity of 22.65% and a net margin of 10.40%. KBR’s revenue was down 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.59) earnings per share. analysts forecast that KBR will post 1.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, March 14th. KBR’s payout ratio is currently 21.48%.

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KBR Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

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