Victory Capital Management Inc. raised its position in shares of KBR Inc. (NYSE:KBR) by 17.6% during the second quarter, Holdings Channel reports. The fund owned 21,386 shares of the company’s stock after buying an additional 3,200 shares during the period. Victory Capital Management Inc.’s holdings in KBR were worth $283,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake in KBR by 30.1% in the first quarter. Glenmede Trust Co. NA now owns 189,780 shares of the company’s stock worth $2,937,000 after buying an additional 43,880 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its stake 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 last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in KBR during the first quarter worth approximately $2,214,000. Prudential Financial Inc. increased its stake in KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock worth $28,273,000 after buying an additional 122,940 shares during the last quarter. Finally, BlackRock Inc. increased its stake in KBR by 4.0% in the first quarter. BlackRock Inc. now owns 153,621 shares of the company’s stock worth $2,378,000 after buying an additional 5,889 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.
Shares of KBR Inc. (NYSE:KBR) traded down 11.864% during trading on Monday, reaching $13.335. 2,485,858 shares of the company’s stock traded hands. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.337 and a beta of 1.54. KBR Inc. has a 1-year low of $11.61 and a 1-year high of $19.94. The stock has a 50-day moving average of $14.86 and a 200-day moving average of $14.62.
KBR (NYSE:KBR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the 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 quarter in the prior year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities analysts predict that KBR Inc. will post $1.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is presently 24.81%.
KBR has been the subject of a number of recent research reports. MKM Partners initiated coverage on shares of KBR in a report on Wednesday, June 29th. They issued a “neutral” rating and a $13.00 price objective for the company. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target for the company in a report on Monday, July 25th. 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. Finally, Janney Montgomery Scott restated 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 a consensus rating of “Hold” and a consensus target price of $17.03.
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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