Voya Investment Management LLC Grows Stake in KBR, Inc. (KBR)

Voya Investment Management LLC boosted its holdings in shares of KBR, Inc. (NYSE:KBR) by 48.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,574 shares of the construction company’s stock after acquiring an additional 21,070 shares during the quarter. Voya Investment Management LLC’s holdings in KBR were worth $983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in KBR during the 2nd quarter worth about $162,000. Heartland Advisors Inc. acquired a new stake in KBR during the 2nd quarter worth about $6,797,000. RK Capital Management LLC acquired a new stake in KBR during the 2nd quarter worth about $9,064,000. Vanguard Group Inc. boosted its position in KBR by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after acquiring an additional 334,896 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in KBR by 15.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock worth $2,056,000 after acquiring an additional 18,489 shares during the period. Hedge funds and other institutional investors own 99.73% of the company’s stock.

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A number of brokerages have commented on KBR. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. KeyCorp set a $20.00 price target on KBR and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. lifted their price target on KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.88.

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 company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The company has a market cap of $2,917.86, a P/E ratio of 35.91, a P/E/G ratio of 1.59 and a beta of 1.07. KBR, Inc. has a 52 week low of $13.36 and a 52 week high of $21.25.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) EPS. sell-side analysts expect that KBR, Inc. will post 1.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is presently 62.75%.

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.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

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