Federated Investors Inc. PA Decreases Stake in KBR, Inc. (KBR)
Federated Investors Inc. PA lessened its position in KBR, Inc. (NYSE:KBR) by 40.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 36,817 shares of the construction company’s stock after selling 24,911 shares during the quarter. Federated Investors Inc. PA’s holdings in KBR were worth $660,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in KBR by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,263,465 shares of the construction company’s stock worth $94,321,000 after buying an additional 28,856 shares in the last quarter. Brown Advisory Inc. purchased a new position in KBR during the second quarter worth approximately $1,001,000. Chicago Equity Partners LLC lifted its position in KBR by 182.1% during the second quarter. Chicago Equity Partners LLC now owns 629,305 shares of the construction company’s stock worth $11,277,000 after buying an additional 406,200 shares in the last quarter. Edgestream Partners L.P. lifted its position in KBR by 29.6% during the second quarter. Edgestream Partners L.P. now owns 164,648 shares of the construction company’s stock worth $2,950,000 after buying an additional 37,653 shares in the last quarter. Finally, BlackRock Inc. lifted its position in KBR by 3.3% during the second quarter. BlackRock Inc. now owns 15,584,016 shares of the construction company’s stock worth $279,266,000 after buying an additional 499,938 shares in the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.
KBR stock opened at $21.20 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. KBR, Inc. has a 52-week low of $14.40 and a 52-week high of $21.69.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, September 17th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, September 14th. This represents a $0.32 annualized dividend and a yield of 1.51%. KBR’s dividend payout ratio (DPR) is 21.48%.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded KBR from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. MKM Partners set a $25.00 price objective on KBR and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Credit Suisse Group lifted their price objective on KBR from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. Macquarie downgraded KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research report on Wednesday, September 19th. Finally, KeyCorp lifted their price objective on KBR from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. KBR has a consensus rating of “Buy” and a consensus target price of $22.18.
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.
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