Crestline Management LP Purchases Shares of 57,958 KBR (KBR)

Crestline Management LP bought a new stake in KBR (NYSE:KBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 57,958 shares of the construction company’s stock, valued at approximately $1,149,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Group LLC increased its stake in shares of KBR by 19.4% in the 4th quarter. Jefferies Group LLC now owns 23,517 shares of the construction company’s stock valued at $466,000 after buying an additional 3,814 shares during the period. Leucadia National Corp boosted its position in shares of KBR by 25.6% in the 4th quarter. Leucadia National Corp now owns 19,165 shares of the construction company’s stock worth $380,000 after purchasing an additional 3,912 shares during the last quarter. First Trust Advisors LP boosted its position in shares of KBR by 30.8% in the 4th quarter. First Trust Advisors LP now owns 17,326 shares of the construction company’s stock worth $344,000 after purchasing an additional 4,080 shares during the last quarter. Zions Bancorporation bought a new position in shares of KBR in the 3rd quarter worth $113,000. Finally, Balter Liquid Alternatives LLC bought a new position in shares of KBR in the 4th quarter worth $138,000. 99.59% of the stock is owned by institutional investors.

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KBR stock traded down $0.55 during midday trading on Friday, hitting $15.84. 1,995,757 shares of the company’s stock were exchanged, compared to its average volume of 1,932,616. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2,299.00, a PE ratio of 10.63, a P/E/G ratio of 1.58 and a beta of 1.12. KBR has a one year low of $13.36 and a one year high of $21.69.

KBR (NYSE:KBR) last posted its earnings results on Friday, February 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $1.01 billion. KBR had a return on equity of 22.65% and a net margin of 10.40%. The business’s revenue was down 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.59) earnings per share. analysts forecast that KBR will post 1.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.32 annualized dividend and a yield of 2.02%. KBR’s dividend payout ratio is presently 21.48%.

Several research analysts have recently issued reports on KBR shares. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 17th. Citigroup raised their price target on KBR from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Alembic Global Advisors set a $24.00 price target on KBR and gave the stock a “buy” rating in a research report on Monday, February 26th. TheStreet lowered KBR from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Finally, Credit Suisse Group lowered KBR from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $16.00 in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.50.

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About KBR

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

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