KBR, Inc. $KBR Stock Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in KBR, Inc. (NYSE:KBR) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 321,381 shares of the construction company’s stock after selling 3,604 shares during the period. Retirement Systems of Alabama’s holdings in KBR were worth $15,407,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Teacher Retirement System of Texas grew its position in shares of KBR by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 48,762 shares of the construction company’s stock valued at $2,338,000 after buying an additional 898 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of KBR during the 2nd quarter valued at about $4,172,000. Bessemer Group Inc. grew its position in shares of KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after buying an additional 266 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of KBR by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,859 shares of the construction company’s stock valued at $2,822,000 after buying an additional 2,376 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of KBR during the 2nd quarter valued at about $617,000. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KBR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Citigroup lowered their price objective on shares of KBR from $67.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, October 20th. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, DA Davidson dropped their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, KBR currently has a consensus rating of “Hold” and a consensus price target of $62.22.

KBR Price Performance

Shares of NYSE KBR opened at $42.91 on Friday. The firm’s 50-day simple moving average is $47.14 and its 200 day simple moving average is $49.33. The stock has a market cap of $5.53 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.85 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a fifty-two week low of $40.71 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last released its earnings results on Thursday, October 30th. The construction company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.95 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. KBR’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. Equities analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 15th. KBR’s dividend payout ratio is currently 23.91%.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.