Advisors Asset Management Inc. boosted its stake in KBR Inc. (NYSE:KBR) by 18.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,300 shares of the company’s stock after buying an additional 5,700 shares during the period. Advisors Asset Management Inc.’s holdings in KBR were worth $494,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. World Asset Management Inc boosted its stake in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares in the last quarter. Utah Retirement Systems boosted its position in KBR by 0.8% in the second quarter. Utah Retirement Systems now owns 26,018 shares of the company’s stock worth $344,000 after buying an additional 200 shares during the period. State Treasurer State of Michigan boosted its position in KBR by 0.7% in the second quarter. State Treasurer State of Michigan now owns 57,142 shares of the company’s stock worth $757,000 after buying an additional 400 shares during the period. Nisa Investment Advisors L.L.C. boosted its position in KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock worth $828,000 after buying an additional 800 shares during the period. Finally, Wall Street Access Asset Management LLC boosted its position in KBR by 6.9% in the second quarter. Wall Street Access Asset Management LLC now owns 16,705 shares of the company’s stock worth $221,000 after buying an additional 1,085 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.
KBR Inc. (NYSE:KBR) traded down 0.55% during mid-day trading on Tuesday, reaching $14.42. 649,073 shares of the company’s stock were exchanged. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 11.18 and a beta of 1.65. The stock has a 50-day moving average of $14.95 and a 200-day moving average of $14.62. KBR Inc. has a one year low of $11.61 and a one year high of $19.94.
KBR (NYSE:KBR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company earned $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. KBR’s revenue was down 26.9% on a year-over-year basis. On average, equities research analysts anticipate that KBR Inc. will post $1.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s payout ratio is 24.81%.
A number of research analysts have recently commented on the stock. MKM Partners set a $16.00 target price on shares of KBR and gave the stock a “hold” rating in a report on Tuesday, September 13th. Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a report on Tuesday, August 16th. DA Davidson set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Zacks Investment Research cut shares of KBR from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Vetr raised shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 target price for the company in a report on Monday, July 25th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. KBR has an average rating of “Hold” and a consensus target price of $16.93.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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