Tocqueville Asset Management L.P. Cuts Stake in KBR, Inc. (KBR)
Tocqueville Asset Management L.P. reduced its position in KBR, Inc. (NYSE:KBR) by 36.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 543,817 shares of the construction company’s stock after selling 311,776 shares during the quarter. Tocqueville Asset Management L.P. owned 0.39% of KBR worth $9,723,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan boosted its holdings in shares of KBR by 33.3% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 40,000 shares of the construction company’s stock worth $715,000 after purchasing an additional 10,000 shares in the last quarter. E&G Advisors LP boosted its holdings in shares of KBR by 48.0% in the 3rd quarter. E&G Advisors LP now owns 18,500 shares of the construction company’s stock worth $331,000 after purchasing an additional 6,000 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of KBR in the 3rd quarter worth about $681,000. Crossmark Global Holdings Inc. purchased a new position in shares of KBR in the 3rd quarter worth about $310,000. Finally, Peregrine Capital Management LLC boosted its holdings in shares of KBR by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 452,945 shares of the construction company’s stock worth $8,099,000 after purchasing an additional 9,174 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR, Inc. (NYSE KBR) traded up $0.59 on Friday, reaching $20.28. The company’s stock had a trading volume of 3,010,000 shares, compared to its average volume of 1,720,000. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.25. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.07. KBR, Inc. has a fifty-two week low of $13.17 and a fifty-two week high of $20.37.
KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. KBR had a return on equity of 10.22% and a net margin of 1.63%. KBR’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) EPS. analysts anticipate that KBR, Inc. will post 1.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, December 14th. KBR’s payout ratio is 62.75%.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group boosted their target price on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday. BidaskClub raised KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. KeyCorp set a $20.00 target price on KBR and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Citigroup Inc boosted their target price on KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. KBR presently has an average rating of “Buy” and a consensus target price of $20.88.
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.
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