KBR, Inc. (KBR) Stake Decreased by Federated Investors Inc. PA
Federated Investors Inc. PA reduced its holdings in KBR, Inc. (NYSE:KBR) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,526 shares of the construction company’s stock after selling 1,928 shares during the quarter. Federated Investors Inc. PA’s holdings in KBR were worth $647,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in shares of KBR by 15.6% during the first quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock valued at $2,056,000 after purchasing an additional 18,489 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of KBR by 1.2% during the first quarter. State Treasurer State of Michigan now owns 58,042 shares of the construction company’s stock valued at $872,000 after purchasing an additional 700 shares in the last quarter. Torray LLC boosted its position in shares of KBR by 17.6% during the second quarter. Torray LLC now owns 590,400 shares of the construction company’s stock valued at $8,986,000 after purchasing an additional 88,400 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of KBR during the first quarter valued at approximately $267,000. Finally, Alpha Windward LLC bought a new stake in shares of KBR during the second quarter valued at approximately $461,000. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR, Inc. (KBR) opened at 17.89 on Wednesday. KBR, Inc. has a 52 week low of $13.16 and a 52 week high of $18.25. The firm’s 50-day moving average price is $16.32 and its 200-day moving average price is $15.18. The stock’s market cap is $2.50 billion.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. KBR’s revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that KBR, Inc. will post $1.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 1.79%. KBR’s dividend payout ratio (DPR) is presently -128.00%.
Several equities research analysts recently weighed in on KBR shares. BidaskClub lowered KBR from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Finally, KeyCorp set a $20.00 price target on KBR and gave the company a “buy” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. KBR has an average rating of “Hold” and an average target price of $18.40.
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.
Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBR).
Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.