State of Alaska Department of Revenue Trims Position in KBR, Inc. (NYSE:KBR)
State of Alaska Department of Revenue trimmed its holdings in KBR, Inc. (NYSE:KBR) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 24,288 shares of the construction company’s stock after selling 1,015 shares during the period. State of Alaska Department of Revenue’s holdings in KBR were worth $543,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in KBR. Private Advisor Group LLC purchased a new stake in shares of KBR in the second quarter valued at about $56,000. Point72 Hong Kong Ltd purchased a new stake in shares of KBR in the second quarter valued at about $98,000. Advisor Group Holdings Inc. purchased a new stake in shares of KBR in the first quarter valued at about $146,000. Profund Advisors LLC acquired a new position in shares of KBR during the second quarter worth about $224,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of KBR by 28.1% during the first quarter. Mercer Global Advisors Inc. ADV now owns 10,968 shares of the construction company’s stock worth $227,000 after acquiring an additional 2,403 shares during the period.
A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Thursday, July 9th. Credit Suisse Group reiterated a “buy” rating and set a $32.00 price target on shares of KBR in a research note on Wednesday, July 29th. Finally, Zacks Investment Research lowered shares of KBR from a “hold” rating to a “strong sell” rating and set a $19.00 price target on the stock. in a research note on Monday, July 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.60.
Shares of KBR opened at $24.92 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average is $23.91 and its two-hundred day moving average is $22.53. KBR, Inc. has a twelve month low of $12.00 and a twelve month high of $31.92. The firm has a market capitalization of $3.55 billion, a P/E ratio of -113.27 and a beta of 1.32.
KBR (NYSE:KBR) last issued its earnings results on Thursday, August 6th. The construction company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. KBR had a negative net margin of 0.50% and a positive return on equity of 13.83%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. Analysts predict that KBR, Inc. will post 1.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. KBR’s dividend payout ratio is presently 23.67%.
KBR Company Profile
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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