Bank of Montreal Can Has $31.13 Million Stock Position in KBR, Inc. (NYSE:KBR)

Bank of Montreal Can cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 484,968 shares of the construction company’s stock after selling 972 shares during the quarter. Bank of Montreal Can’s holdings in KBR were worth $31,125,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC increased its stake in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP increased its stake in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank acquired a new position in KBR during the 3rd quarter worth approximately $65,000. Finally, Fifth Third Bancorp boosted its position in KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. Citigroup upped 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. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. UBS Group increased their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, KeyCorp increased their price objective on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

KBR Trading Down 0.7 %

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

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts forecast that KBR, Inc. will post 3.27 EPS for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is 25.21%.

KBR Company Profile

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.