Prosperity Financial Group Inc. Increases Position in KBR, Inc. (NYSE:KBR)

Prosperity Financial Group Inc. lifted its holdings in shares of KBR, Inc. (NYSE:KBR) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,705 shares of the construction company’s stock after buying an additional 581 shares during the quarter. Prosperity Financial Group Inc.’s holdings in KBR were worth $372,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake in 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 buying an additional 487 shares in the last quarter. CWM LLC lifted its position in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after acquiring an additional 231 shares in the last quarter. Quarry LP boosted its stake in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after acquiring an additional 673 shares during the last quarter. Eastern Bank purchased a new stake in shares of KBR during the third quarter worth approximately $65,000. Finally, Fifth Third Bancorp raised its stake in 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 purchasing 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 research analysts have recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. UBS Group raised their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup increased their target price on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

KBR Stock Up 2.5 %

Shares of NYSE:KBR opened at $61.76 on Monday. KBR, Inc. has a fifty-two week low of $50.45 and a fifty-two week high of $72.60. The firm’s 50 day moving average price is $66.21 and its 200 day moving average price is $65.54. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, equities research analysts predict that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is 25.21%.

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.