711,907 Shares in KBR, Inc. $KBR Acquired by Copeland Capital Management LLC

Copeland Capital Management LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 711,907 shares of the construction company’s stock, valued at approximately $33,666,000.

Several other large investors have also recently added to or reduced their stakes in KBR. EverSource Wealth Advisors LLC boosted its position in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after purchasing an additional 493 shares during the last quarter. Bessemer Group Inc. raised its holdings in KBR by 75.8% in the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after acquiring an additional 266 shares during the period. Byrne Asset Management LLC acquired a new position in shares of KBR during the 2nd quarter worth about $41,000. GAMMA Investing LLC lifted its holdings in shares of KBR by 37.5% during the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after buying an additional 298 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in KBR by 98.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after purchasing an additional 608 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on KBR shares. Truist Financial cut their price objective on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Citigroup cut their price target on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Bank of America reduced their target price on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Oppenheimer initiated coverage on shares of KBR in a research report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 target price on the stock. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.00.

KBR Price Performance

KBR opened at $40.21 on Tuesday. KBR, Inc. has a 52 week low of $39.52 and a 52 week high of $60.98. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $5.11 billion, a PE ratio of 13.82, a P/E/G ratio of 1.08 and a beta of 0.54. The company has a fifty day moving average price of $42.14 and a two-hundred day moving average price of $46.12.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 35.14% and a net margin of 4.71%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.6%. KBR’s payout ratio is presently 22.68%.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.