Keeley Teton Advisors LLC reduced its position in KBR, Inc. (NYSE:KBR) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,120,529 shares of the construction company’s stock after selling 172,525 shares during the quarter. Keeley Teton Advisors LLC owned about 0.80% of KBR worth $20,035,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in shares of KBR by 47.9% in the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after acquiring an additional 6,956,217 shares during the last quarter. BlackRock Inc. increased its stake in shares of KBR by 12.6% in the 2nd quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock worth $235,167,000 after acquiring an additional 1,726,589 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of KBR by 25,686.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock worth $20,632,000 after acquiring an additional 1,350,338 shares during the last quarter. State Street Corp increased its stake in shares of KBR by 26.4% in the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after acquiring an additional 1,013,321 shares during the last quarter. Finally, RK Capital Management LLC acquired a new stake in shares of KBR in the 2nd quarter worth $9,064,000. 99.74% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on KBR. KeyCorp set a $20.00 target price on KBR and gave the stock a “buy” rating in a research note on Friday, August 25th. Citigroup raised their target price on KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group raised their target price on KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.00.
KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS. analysts expect that KBR, Inc. will post 1.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is presently 62.75%.
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KBR Company Profile
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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