KBR, Inc. (KBR) Holdings Trimmed by TimesSquare Capital Management LLC
TimesSquare Capital Management LLC trimmed its position in KBR, Inc. (NYSE:KBR) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,413,815 shares of the construction company’s stock after selling 162,000 shares during the quarter. TimesSquare Capital Management LLC owned about 1.73% of KBR worth $36,738,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of KBR. FMR LLC raised its stake in shares of KBR by 235.2% in the 1st quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock valued at $218,181,000 after acquiring an additional 10,186,349 shares during the period. BlackRock Inc. raised its stake in shares of KBR by 7,264.8% in the 1st quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock valued at $206,282,000 after acquiring an additional 13,538,277 shares during the period. Vanguard Group Inc. raised its stake in shares of KBR by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 11,521,967 shares of the construction company’s stock valued at $173,176,000 after acquiring an additional 505,102 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of KBR by 23.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,115,303 shares of the construction company’s stock valued at $76,881,000 after acquiring an additional 970,602 shares during the period. Finally, Deprince Race & Zollo Inc. raised its stake in shares of KBR by 3.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,965,786 shares of the construction company’s stock valued at $60,359,000 after acquiring an additional 145,838 shares during the period. Institutional investors own 99.74% of the company’s stock.
A number of equities research analysts have recently issued reports on KBR shares. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, KeyCorp set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. KBR has an average rating of “Hold” and a consensus target price of $18.40.
Shares of KBR, Inc. (NYSE KBR) opened at 17.41 on Monday. The company’s 50-day moving average is $15.80 and its 200 day moving average is $15.09. The stock’s market capitalization is $2.44 billion. KBR, Inc. has a 52 week low of $13.16 and a 52 week high of $18.09.
KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.35 earnings per share. KBR’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts forecast that KBR, Inc. will post $1.43 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 1.84%. KBR’s payout ratio is -128.00%.
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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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