Retirement Systems of Alabama boosted its position in shares of KBR Inc. (NYSE:KBR) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 651,290 shares of the company’s stock after buying an additional 388 shares during the period. Retirement Systems of Alabama’s holdings in KBR were worth $8,623,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors L.L.C. raised its stake in shares of 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 in the last quarter. Oakbrook Investments LLC raised its stake in shares of KBR by 9.2% in the second quarter. Oakbrook Investments LLC now owns 13,100 shares of the company’s stock worth $173,000 after buying an additional 1,100 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of KBR by 4.9% in the second quarter. Nisa Investment Advisors LLC now owns 56,066 shares of the company’s stock worth $742,000 after buying an additional 2,600 shares in the last quarter. LS Investment Advisors LLC raised its stake 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 worth $115,000 after buying an additional 3,619 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of 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 in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.
Shares of KBR Inc. (NYSE:KBR) traded down 0.25% during mid-day trading on Friday, reaching $16.14. 3,884,163 shares of the company traded hands. The firm’s 50 day moving average price is $14.79 and its 200-day moving average price is $14.62. The company has a market capitalization of $2.30 billion, a P/E ratio of 12.51 and a beta of 1.54. KBR Inc. has a 52-week low of $11.61 and a 52-week high of $19.94.
KBR (NYSE:KBR) last posted 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 earned $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. Equities analysts predict that KBR Inc. will post $0.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders 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 1.98%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio is currently 24.81%.
KBR has been the subject of several research analyst reports. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Monday, July 18th. 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 research note on Monday, July 25th. DA Davidson set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a research note on Monday, August 15th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Finally, MKM Partners increased their target price on shares of KBR from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.33.
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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