Northern Trust Corp trimmed its stake in KBR, Inc. (NYSE:KBR) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,264,725 shares of the construction company’s stock after selling 30,511 shares during the quarter. Northern Trust Corp owned approximately 0.90% of KBR worth $19,249,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. GSA Capital Partners LLP bought a new position in shares of KBR during the 2nd quarter worth approximately $162,000. Mutual of America Capital Management LLC boosted its stake in shares of KBR by 5.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 117,836 shares of the construction company’s stock worth $1,793,000 after acquiring an additional 5,911 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of KBR by 4.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 58,784 shares of the construction company’s stock worth $894,000 after acquiring an additional 2,586 shares during the period. ProShare Advisors LLC boosted its stake in shares of KBR by 78.9% during the 2nd quarter. ProShare Advisors LLC now owns 23,611 shares of the construction company’s stock worth $359,000 after acquiring an additional 10,411 shares during the period. Finally, RK Capital Management LLC bought a new position in shares of KBR during the 2nd quarter worth approximately $9,064,000. Hedge funds and other institutional investors own 99.73% of the company’s stock.
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Shares of KBR, Inc. (KBR) traded up $0.04 during midday trading on Friday, reaching $20.86. The company’s stock had a trading volume of 3,095,300 shares, compared to its average volume of 2,004,627. The firm has a market cap of $2,917.86, a PE ratio of 35.91, a PEG ratio of 1.59 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30. KBR, Inc. has a 52-week low of $13.36 and a 52-week high of $21.25.
KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.44) EPS. equities research analysts expect that KBR, Inc. will post 1.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a yield of 1.53%. KBR’s dividend payout ratio is presently 62.75%.
Several research analysts have recently commented on KBR shares. BidaskClub downgraded KBR from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp set a $20.00 price target on KBR and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. TheStreet raised KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Finally, Citigroup Inc. lifted their price target on KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. KBR presently has an average rating of “Buy” and a consensus price target of $20.88.
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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