ING Groep NV Takes Position in KBR, Inc. (NYSE:KBR)
ING Groep NV purchased a new position in KBR, Inc. (NYSE:KBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,415 shares of the construction company’s stock, valued at approximately $265,000.
A number of other large investors also recently modified their holdings of the company. Capstone Asset Management Co. increased its stake in shares of KBR by 1.7% in the first quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock valued at $259,000 after buying an additional 290 shares during the period. Ngam Advisors L.P. increased its stake in shares of KBR by 1.6% in the first quarter. Ngam Advisors L.P. now owns 19,428 shares of the construction company’s stock valued at $292,000 after buying an additional 309 shares during the period. Loews Corp increased its stake in shares of KBR by 1.8% in the first quarter. Loews Corp now owns 27,813 shares of the construction company’s stock valued at $418,000 after buying an additional 500 shares during the period. Advantus Capital Management Inc increased its stake in shares of KBR by 3.2% in the first quarter. Advantus Capital Management Inc now owns 18,293 shares of the construction company’s stock valued at $275,000 after buying an additional 562 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of KBR by 0.3% in the first quarter. Nationwide Fund Advisors now owns 253,356 shares of the construction company’s stock valued at $3,808,000 after buying an additional 649 shares during the period. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR, Inc. (NYSE:KBR) traded up 0.93% during midday trading on Friday, hitting $16.22. 789,401 shares of the stock were exchanged. The firm’s market capitalization is $2.27 billion. KBR, Inc. has a 1-year low of $13.16 and a 1-year high of $17.95. The firm’s 50-day moving average price is $15.50 and its 200 day moving average price is $15.25.
KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. KBR’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. Analysts expect that KBR, Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio (DPR) is presently -128.00%.
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Several brokerages have issued reports on KBR. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.22.
KBR Company Profile
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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