D.A. Davidson & CO. Grows Position in KBR, Inc. (NYSE:KBR)

D.A. Davidson & CO. grew its stake in shares of KBR, Inc. (NYSE:KBR) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,580 shares of the construction company’s stock after purchasing an additional 3,887 shares during the quarter. D.A. Davidson & CO.’s holdings in KBR were worth $3,451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares during the period. Franklin Resources Inc. raised its holdings in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after acquiring an additional 353,209 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of KBR by 5.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock valued at $81,840,000 after acquiring an additional 62,880 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock valued at $51,099,000 after acquiring an additional 218,853 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $50.72 on Friday. KBR, Inc. has a 1-year low of $49.96 and a 1-year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average price of $56.34 and a 200-day moving average price of $62.02. The company has a market capitalization of $6.76 billion, a PE ratio of 21.31, a PEG ratio of 0.88 and a beta of 0.83.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp decreased their target price on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group upped their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average target price of $78.00.

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.