Stonebridge Capital Management Inc. decreased its stake in shares of KBR Inc. (NYSE:KBR) by 52.4% during the second quarter, Holdings Channel reports. The fund owned 12,575 shares of the company’s stock after selling 13,850 shares during the period. Stonebridge Capital Management Inc.’s holdings in KBR were worth $167,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares during the last quarter. Oakbrook Investments LLC raised its position in shares of KBR by 9.2% in the second quarter. Oakbrook Investments LLC now owns 13,100 shares of the company’s stock valued at $173,000 after buying an additional 1,100 shares during the last quarter. M&T Bank Corp acquired a new position in shares of KBR during the first quarter valued at about $187,000. Parkwood LLC acquired a new position in shares of KBR during the second quarter valued at about $220,000. Finally, Bayesian Capital Management LP acquired a new position in shares of KBR during the first quarter valued at about $268,000. 97.24% of the stock is currently owned by institutional investors.
KBR Inc. (NYSE:KBR) traded up 0.27% on Thursday, reaching $14.91. 1,492,306 shares of the company were exchanged. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.56 and a beta of 1.65. The stock has a 50-day moving average price of $14.89 and a 200 day moving average price of $14.62. KBR Inc. has a 52 week low of $11.61 and a 52 week high of $19.94.
KBR (NYSE:KBR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. Analysts forecast that KBR Inc. will post $1.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio is presently 24.81%.
KBR has been the topic of several analyst reports. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a report on Tuesday, August 16th. DA Davidson set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of KBR in a report on Saturday, June 4th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, July 18th. Finally, MKM Partners set a $16.00 price target on shares of KBR and gave the stock a “hold” rating in a report on Tuesday, September 13th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. KBR presently has an average rating of “Hold” and an average 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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