KBR, Inc. (KBR) is Huber Capital Management LLC’s Largest Position
Huber Capital Management LLC lessened its stake in KBR, Inc. (NYSE:KBR) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,393,583 shares of the construction company’s stock after selling 255,500 shares during the quarter. KBR accounts for approximately 7.4% of Huber Capital Management LLC’s holdings, making the stock its biggest position. Huber Capital Management LLC owned approximately 3.83% of KBR worth $113,966,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of KBR during the 2nd quarter valued at about $158,000. Janney Montgomery Scott LLC bought a new stake in shares of KBR during the 2nd quarter valued at about $179,000. PEAK6 Investments LLC bought a new stake in shares of KBR during the 3rd quarter valued at about $211,000. Point72 Hong Kong Ltd grew its stake in shares of KBR by 514.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 12,289 shares of the construction company’s stock valued at $220,000 after purchasing an additional 10,288 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of KBR during the 2nd quarter valued at about $222,000. 97.78% of the stock is owned by hedge funds and other institutional investors.
KBR stock opened at $17.48 on Wednesday. KBR, Inc. has a 1-year low of $14.40 and a 1-year high of $22.22. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be paid a $0.08 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.32 annualized dividend and a yield of 1.83%. KBR’s payout ratio is 21.48%.
A number of research analysts recently issued reports on KBR shares. Zacks Investment Research reiterated a “strong-buy” rating and set a $23.00 price objective on shares of KBR in a research note on Tuesday, November 13th. Credit Suisse Group boosted their price objective on KBR from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Drexel Hamilton set a $22.00 price objective on KBR and gave the company a “buy” rating in a research note on Tuesday, October 30th. Macquarie downgraded KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research note on Wednesday, September 19th. Finally, Bank of America boosted their price objective on KBR from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.20.
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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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