Ameriprise Financial Inc. raised its stake in shares of KBR Inc. (NYSE:KBR) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 348,448 shares of the company’s stock after buying an additional 13,531 shares during the period. Ameriprise Financial Inc. owned 0.24% of KBR worth $4,614,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of KBR by 57.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 224,967 shares of the company’s stock valued at $2,979,000 after buying an additional 81,970 shares in the last quarter. Royce & Associates LP increased its stake in shares of KBR by 5.3% in the second quarter. Royce & Associates LP now owns 1,738,500 shares of the company’s stock valued at $23,018,000 after buying an additional 86,737 shares in the last quarter. LSV Asset Management acquired a new stake in shares of KBR during the second quarter valued at about $100,000. Pzena Investment Management LLC increased its stake in shares of KBR by 5.3% in the second quarter. Pzena Investment Management LLC now owns 4,888,123 shares of the company’s stock valued at $64,719,000 after buying an additional 245,800 shares in the last quarter. Finally, Boston Partners increased its stake in shares of KBR by 117.2% in the second quarter. Boston Partners now owns 716,190 shares of the company’s stock valued at $9,482,000 after buying an additional 386,453 shares in the last quarter. 97.17% of the stock is currently owned by institutional investors.
KBR Inc. (NYSE:KBR) traded up 0.07% during mid-day trading on Monday, hitting $14.50. 151,069 shares of the stock traded hands. The firm’s 50-day moving average price is $14.77 and its 200-day moving average price is $14.63. The firm has a market cap of $2.07 billion, a P/E ratio of 11.24 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 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities analysts forecast that KBR Inc. will post $0.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Thursday, September 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, September 13th. KBR’s dividend payout ratio is currently 24.81%.
Several equities research analysts recently weighed in on KBR shares. Credit Suisse Group AG reiterated a “buy” rating and issued a $18.00 target price on shares of KBR in a research note on Monday, October 3rd. Johnson Rice upgraded shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 target price for the company in a research note on Wednesday, October 5th. MKM Partners set a $16.00 target price on shares of KBR and gave the company a “hold” rating in a research note on Tuesday, September 13th. Zacks Investment Research upgraded 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. Finally, Goldman Sachs Group Inc. cut shares of KBR from a “neutral” rating to a “sell” rating and reduced their target price for the company from $16.00 to $15.00 in a research note on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.23.
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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