Public Employees Retirement System of Ohio held its stake in shares of KBR, Inc. (NYSE:KBR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,666 shares of the construction company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in KBR were worth $972,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of KBR. FMR LLC boosted its stake in KBR by 235.2% in the first quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock valued at $218,181,000 after buying an additional 10,186,349 shares during the period. BlackRock Inc. boosted its stake in KBR by 7,264.8% in the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock valued at $206,282,000 after buying an additional 13,538,277 shares during the period. Vanguard Group Inc. boosted its stake in KBR by 4.6% in the first quarter. Vanguard Group Inc. now owns 11,521,967 shares of the construction company’s stock valued at $173,176,000 after buying an additional 505,102 shares during the period. Dimensional Fund Advisors LP boosted its stake in KBR by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,115,303 shares of the construction company’s stock valued at $76,881,000 after buying an additional 970,602 shares during the period. Finally, Pzena Investment Management LLC boosted its stake in KBR by 2.3% in the first quarter. Pzena Investment Management LLC now owns 4,942,159 shares of the construction company’s stock valued at $74,281,000 after buying an additional 111,802 shares during the period. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR, Inc. (NYSE KBR) remained flat at $14.94 during midday trading on Friday. 390,099 shares of the company were exchanged. The company has a 50-day moving average price of $15.55 and a 200-day moving average price of $15.19. KBR, Inc. has a 52 week low of $13.16 and a 52 week high of $17.95. The stock’s market capitalization is $2.09 billion.
KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that KBR, Inc. will post $1.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.14%. KBR’s dividend payout ratio is currently -128.00%.
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Several brokerages recently commented on KBR. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.22.
About KBR
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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