Capital World Investors maintained its position in KBR, Inc. (NYSE:KBR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,000,000 shares of the construction company’s stock at the end of the second quarter. Capital World Investors owned about 5.72% of KBR worth $121,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. NGAM Advisors L.P. boosted its stake in KBR by 1.0% during the 2nd quarter. NGAM Advisors L.P. now owns 19,629 shares of the construction company’s stock valued at $299,000 after acquiring an additional 201 shares during the last quarter. Ngam Advisors L.P. boosted its stake in KBR by 1.6% during the 1st quarter. Ngam Advisors L.P. now owns 19,428 shares of the construction company’s stock valued at $292,000 after acquiring an additional 309 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in KBR by 3.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after acquiring an additional 381 shares during the last quarter. Advantus Capital Management Inc boosted its stake in KBR by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 18,293 shares of the construction company’s stock valued at $275,000 after acquiring an additional 562 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in KBR by 3.0% during the 1st quarter. Amalgamated Bank now owns 22,608 shares of the construction company’s stock valued at $340,000 after acquiring an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.

A number of research firms have commented on KBR. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a research note on Wednesday. KeyCorp set a $20.00 price objective on shares of KBR and gave the company a “buy” rating in a research note on Friday, August 25th. BidaskClub downgraded shares of KBR from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.00.

Shares of KBR, Inc. (KBR) opened at 17.88 on Friday. KBR, Inc. has a one year low of $13.17 and a one year high of $18.28. The firm’s market capitalization is $2.50 billion. The firm’s 50 day moving average is $16.92 and its 200-day moving average is $15.47.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that KBR, Inc. will post $1.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. KBR’s dividend payout ratio is currently -128.00%.

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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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