California State Teachers Retirement System trimmed its position in KBR, Inc. (NYSE:KBR) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,479 shares of the construction company’s stock after selling 19,660 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of KBR worth $4,210,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in shares of KBR by 47.9% in the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock valued at $326,814,000 after buying an additional 6,956,217 shares during the last quarter. BlackRock Inc. grew its position in shares of KBR by 12.6% in the 2nd quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock valued at $235,167,000 after buying an additional 1,726,589 shares during the last quarter. State Street Corp grew its position in shares of KBR by 26.4% in the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock valued at $73,828,000 after buying an additional 1,013,321 shares during the last quarter. RK Capital Management LLC purchased a new position in shares of KBR in the 2nd quarter valued at $9,064,000. Finally, American Century Companies Inc. purchased a new position in shares of KBR in the 3rd quarter valued at $7,472,000. Institutional investors and hedge funds own 99.74% of the company’s stock.
KBR, Inc. (KBR) opened at $20.11 on Friday. KBR, Inc. has a 52-week low of $13.36 and a 52-week high of $21.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $2,843.62, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.74 and a beta of 1.05.
KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted ($0.44) EPS. KBR’s revenue for the quarter was down 3.6% on a year-over-year basis. equities analysts anticipate that KBR, Inc. will post 1.47 earnings per share for the current fiscal year.
The firm also recently disclosed 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 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, December 14th. KBR’s payout ratio is currently 62.75%.
A number of research analysts recently commented on KBR shares. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “buy” rating and issued a $20.00 target price on shares of KBR in a research report on Friday, October 6th. Deutsche Bank increased their target price on shares of KBR from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Citigroup increased their target price on shares of KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, DA Davidson downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. KBR presently has a consensus rating of “Buy” and a consensus price target of $21.00.
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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