Frontier Capital Management Co. LLC Purchases 410,383 Shares of KBR, Inc. (KBR)

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Frontier Capital Management Co. LLC raised its position in shares of KBR, Inc. (NYSE:KBR) by 17.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,702,806 shares of the construction company’s stock after purchasing an additional 410,383 shares during the period. Frontier Capital Management Co. LLC’s holdings in KBR were worth $57,110,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in KBR during the second quarter valued at $143,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in KBR during the second quarter valued at $158,000. Janney Montgomery Scott LLC purchased a new position in KBR during the second quarter valued at $179,000. Point72 Hong Kong Ltd lifted its position in KBR by 514.1% during the second quarter. Point72 Hong Kong Ltd now owns 12,289 shares of the construction company’s stock valued at $220,000 after buying an additional 10,288 shares during the period. Finally, Marshall Wace LLP purchased a new position in KBR during the second quarter valued at $222,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:KBR opened at $19.78 on Thursday. KBR, Inc. has a 1-year low of $14.40 and a 1-year high of $22.09. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.80 billion, a PE ratio of 13.28, a P/E/G ratio of 1.55 and a beta of 1.17.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.07. KBR had a return on equity of 13.40% and a net margin of 11.35%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts predict that KBR, Inc. will post 1.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.62%. KBR’s payout ratio is presently 21.48%.

Several equities analysts have commented on the company. Bank of America raised their price objective on KBR from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Macquarie lowered KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Wednesday, September 19th. TheStreet raised KBR from a “c+” rating to a “b-” rating in a research report on Thursday, August 2nd. Credit Suisse Group raised their price objective on KBR from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, MKM Partners set a $25.00 price objective on KBR and gave the company a “buy” rating in a research report on Tuesday, July 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. KBR has an average rating of “Buy” and a consensus price target of $23.00.

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.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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