Pzena Investment Management LLC trimmed its position in KBR, Inc. (NYSE:KBR) by 11.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,528,822 shares of the construction company’s stock after selling 459,773 shares during the period. Pzena Investment Management LLC’s holdings in KBR were worth $69,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of KBR. State Street Corp grew its holdings in KBR by 26.4% in the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock valued at $73,828,000 after buying an additional 1,013,321 shares in the last quarter. Engine Capital Management LLC grew its holdings in KBR by 195.2% in the 3rd quarter. Engine Capital Management LLC now owns 1,149,672 shares of the construction company’s stock valued at $20,556,000 after buying an additional 760,184 shares in the last quarter. American Century Companies Inc. acquired a new position in KBR in the 3rd quarter valued at $7,472,000. Frontier Capital Management Co. LLC grew its holdings in KBR by 85.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 808,136 shares of the construction company’s stock valued at $14,449,000 after buying an additional 372,656 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in KBR in the 4th quarter valued at $4,642,000.
Shares of KBR, Inc. (NYSE KBR) opened at $17.67 on Thursday. The firm has a market capitalization of $2,480.81, a price-to-earnings ratio of 34.65, a PEG ratio of 1.48 and a beta of 1.03. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. KBR, Inc. has a 1 year low of $13.36 and a 1 year high of $21.69.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.81%. KBR’s payout ratio is 62.75%.
A number of research firms have recently weighed in on KBR. Zacks Investment Research upgraded KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Wednesday, October 25th. Citigroup upped their target price on KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. DA Davidson downgraded KBR from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Wednesday, November 1st. TheStreet upgraded KBR from a “c” rating to a “b-” rating in a research report on Tuesday, October 31st. Finally, Credit Suisse Group upped their target price on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. KBR presently has an average rating of “Buy” and a consensus target price of $21.43.
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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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