New Jersey Better Educational Savings Trust Purchases New Position in KBR, Inc. (NYSE:KBR)
New Jersey Better Educational Savings Trust purchased a new position in shares of KBR, Inc. (NYSE:KBR) during the second quarter, Holdings Channel reports. The institutional investor purchased 32,000 shares of the construction company’s stock, valued at approximately $487,000.
A number of other hedge funds also recently modified their holdings of KBR. Quantbot Technologies LP acquired a new position in KBR during the first quarter worth approximately $109,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock worth $114,000 after buying an additional 5,800 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in KBR during the second quarter worth approximately $172,000. LS Investment Advisors LLC increased its position in KBR by 20.3% in the second quarter. LS Investment Advisors LLC now owns 11,894 shares of the construction company’s stock worth $181,000 after buying an additional 2,004 shares during the last quarter. Finally, E&G Advisors LP acquired a new position in KBR during the second quarter worth approximately $190,000. 99.74% of the stock is owned by hedge funds and other institutional investors.
Shares of KBR, Inc. (NYSE KBR) opened at 16.07 on Friday. The company’s 50 day moving average is $15.50 and its 200-day moving average is $15.25. The firm’s market cap is $2.25 billion. KBR, Inc. has a 12 month low of $13.16 and a 12 month high of $17.95.
KBR (NYSE:KBR) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. KBR’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities research analysts predict that KBR, Inc. will post $1.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors 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 1.99%. KBR’s dividend payout ratio is -128.00%.
A number of equities analysts have recently commented on KBR shares. Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. KBR currently has an average rating of “Buy” and a consensus target price of $18.22.
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.