Hotchkis & Wiley Capital Management LLC Sells 98,559 Shares of KBR, Inc. (KBR)

Hotchkis & Wiley Capital Management LLC reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 2.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,651,637 shares of the construction company’s stock after selling 98,559 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 3.33% of KBR worth $70,798,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. NGAM Advisors L.P. increased its holdings in KBR by 1.0% during the 2nd quarter. NGAM Advisors L.P. now owns 19,629 shares of the construction company’s stock worth $299,000 after purchasing an additional 201 shares in the last quarter. Capstone Asset Management Co. increased its holdings in KBR by 1.7% during the 1st quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock worth $259,000 after purchasing an additional 290 shares in the last quarter. Ngam Advisors L.P. increased its holdings in KBR by 1.6% during the 1st quarter. Ngam Advisors L.P. now owns 19,428 shares of the construction company’s stock worth $292,000 after purchasing an additional 309 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in KBR by 3.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after purchasing an additional 381 shares in the last quarter. Finally, Loews Corp increased its holdings in KBR by 1.8% during the 1st quarter. Loews Corp now owns 27,813 shares of the construction company’s stock worth $418,000 after purchasing an additional 500 shares in the last quarter. 99.74% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on KBR. BidaskClub lowered KBR from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. TheStreet raised KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Finally, KeyCorp set a $20.00 target price on KBR and gave the company a “buy” rating in a 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.40.

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Shares of KBR, Inc. (KBR) traded up 1.77% during trading on Friday, reaching $17.80. The company’s stock had a trading volume of 2,277,144 shares. KBR, Inc. has a one year low of $13.16 and a one year high of $18.09. The firm’s 50-day moving average price is $16.15 and its 200-day moving average price is $15.14. The company’s market capitalization is $2.49 billion.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that KBR, Inc. will post $1.43 earnings per share for the current 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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s dividend payout ratio (DPR) is presently -128.00%.

About KBR

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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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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