Nationwide Fund Advisors increased its stake in shares of KBR Inc. (NYSE:KBR) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,468 shares of the company’s stock after buying an additional 6,996 shares during the period. Nationwide Fund Advisors owned about 0.17% of KBR worth $3,197,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. LSV Asset Management acquired a new stake in KBR during the second quarter worth $100,000. Fuller & Thaler Asset Management Inc. acquired a new stake in KBR during the second quarter worth $102,000. LS Investment Advisors LLC raised its stake in KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares during the last quarter. World Asset Management Inc raised 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 worth $135,000 after buying an additional 58 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in KBR during the second quarter worth $149,000. 97.24% of the stock is currently owned by institutional investors.
Shares of KBR Inc. (NYSE:KBR) traded up 0.155% during trading on Friday, reaching $16.205. The company’s stock had a trading volume of 751,075 shares. The firm’s 50-day moving average is $14.78 and its 200-day moving average is $14.62. The stock has a market capitalization of $2.31 billion, a PE ratio of 12.562 and a beta of 1.54. KBR Inc. has a 12-month low of $11.61 and a 12-month high of $19.94.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The business 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 company earned $0.46 EPS. The business’s revenue was down 26.9% compared to the same quarter last year. Equities analysts expect that KBR Inc. will post $0.66 earnings per share 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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, September 13th. KBR’s payout ratio is currently 24.81%.
KBR has been the topic of a number of research reports. 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. Deutsche Bank AG raised shares of KBR from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Tuesday. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $18.00 price objective on shares of KBR in a research note on Monday. Finally, Johnson Rice raised shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price objective on the stock in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.33.
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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