KBR, Inc. (KBR) Shares Bought by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. boosted its position in shares of KBR, Inc. (NYSE:KBR) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,784 shares of the construction company’s stock after buying an additional 2,586 shares during the period. PNC Financial Services Group Inc.’s holdings in KBR were worth $894,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NGAM Advisors L.P. increased its position in KBR by 1.0% during the second quarter. NGAM Advisors L.P. now owns 19,629 shares of the construction company’s stock worth $299,000 after buying an additional 201 shares during the period. Ngam Advisors L.P. increased its holdings 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 purchasing an additional 309 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of KBR by 3.4% in the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after purchasing an additional 381 shares during the period. Advantus Capital Management Inc increased its holdings 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 purchasing an additional 562 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of KBR by 3.0% in the first quarter. Amalgamated Bank now owns 22,608 shares of the construction company’s stock valued at $340,000 after purchasing an additional 663 shares during the period. 99.74% of the stock is currently owned by institutional investors.
KBR, Inc. (NYSE KBR) opened at 17.73 on Wednesday. KBR, Inc. has a 12-month low of $13.17 and a 12-month high of $18.28. The firm’s market cap is $2.48 billion. The stock has a 50 day moving average price of $17.16 and a 200-day moving average price of $15.58.
KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities analysts forecast that KBR, Inc. will post $1.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s payout ratio is -128.00%.
A number of research analysts have recently issued reports on KBR shares. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. KeyCorp set a $20.00 target price on KBR and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub lowered KBR from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, TheStreet raised KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.00.
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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