Larson Financial Group LLC buys 487 shares of KBR, Inc. (NYSE:KBR)

Larson Financial Group LLC increased its position in KBR, Inc. (NYSE:KBR – Free Report) by 2,029.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 511 shares of the construction company’s stock after acquiring an additional 487 shares during the period. Larson Financial Group LLC’s holdings in KBR were worth $33,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of KBR in the first quarter valued at approximately $25,000. CWM LLC increased its holdings in KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the period. Fifth Third Bancorp raised its position in shares of KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of KBR in the 4th quarter valued at $82,000. Finally, Blue Trust Inc. boosted its position in shares of KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after acquiring an additional 316 shares during the last quarter. 97.02% of shares are currently owned by institutional investors and hedge funds.

KBR Stock Performance

Shares of KBR stock opened at $61.53 on Tuesday. The firm has a market cap of $8.19 billion, a P/E ratio of -32.05, a PEG ratio of 1.27 and a beta of 0.90. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $69.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10, and a current ratio of 1.10. The company’s 50-day moving average price is $65.79, and its two-hundred-day moving average price is $64.37.

KBR (NYSE:KBR – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, analysts estimate that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 16. This represents an annualized dividend of $0.60 and a dividend yield of 0.98%. KBR’s dividend payout ratio is currently -31.25%.

Insider buying and selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of shares are owned by corporate insiders.

Analysts on Wall Street are forecasting an increase

Several equities analysts have covered the company. UBS Group boosted their price target on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. DA Davidson reiterated a “buy” rating and issued a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.50.

Get the latest stock report on KBR

About KBR

(Free report)

KBR, Inc provides scientific, technological and engineering solutions to governments and commercial customers around the world. It operates through the segments of Government Solutions and Sustainable Technology Solutions. The Government Solutions segment provides life-cycle support solutions for defense, intelligence, space, aviation and other programs and missions for militaries and other government agencies in the United States, the United Kingdom and Australia.

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