Deprince Race & Zollo Inc. reduced its stake in KBR Inc. (NYSE:KBR) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,392,510 shares of the company’s stock after selling 77,546 shares during the period. KBR comprises about 0.9% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 28th largest position. Deprince Race & Zollo Inc.’s holdings in KBR were worth $44,917,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in 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 in the last quarter. M&T Bank Corp bought a new position in KBR during the first quarter valued at about $187,000. Oakbrook Investments LLC raised its position in 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 in the last quarter. Parkwood LLC bought a new position in KBR during the second quarter valued at about $220,000. Finally, Bayesian Capital Management LP bought a new position in KBR during the first quarter valued at about $268,000. 97.24% of the stock is owned by hedge funds and other institutional investors.
Shares of KBR Inc. (NYSE:KBR) traded up 1.48% on Friday, hitting $15.13. The company had a trading volume of 931,621 shares. KBR Inc. has a 52 week low of $11.61 and a 52 week high of $19.94. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 11.73 and a beta of 1.65. The stock’s 50-day moving average is $14.87 and its 200 day moving average is $14.62.
KBR (NYSE:KBR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. The firm’s quarterly revenue was down 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. Equities analysts expect that KBR Inc. will post $1.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
Several equities research analysts recently commented on KBR shares. Credit Suisse Group AG reiterated a “buy” rating on shares of KBR in a report on Saturday, June 4th. Zacks Investment Research downgraded KBR from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Vetr upgraded KBR from a “sell” rating to a “hold” rating and set a $14.30 price objective for the company in a report on Monday, July 25th. DA Davidson set a $20.00 price objective on KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. KBR currently 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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