Wedge Capital Management L L P NC reduced its stake in KBR, Inc. (NYSE:KBR) by 10.7% during the 1st quarter, HoldingsChannel reports. The fund owned 632,973 shares of the construction company’s stock after selling 76,083 shares during the period. Wedge Capital Management L L P NC’s holdings in KBR were worth $12,083,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of KBR. Peregrine Capital Management LLC increased its stake in KBR by 14.2% in the first quarter. Peregrine Capital Management LLC now owns 467,311 shares of the construction company’s stock valued at $8,921,000 after purchasing an additional 58,207 shares during the last quarter. California State Teachers Retirement System increased its stake in KBR by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 220,813 shares of the construction company’s stock valued at $3,352,000 after purchasing an additional 4,979 shares during the last quarter. Foundry Partners LLC increased its stake in KBR by 9.0% in the first quarter. Foundry Partners LLC now owns 680,802 shares of the construction company’s stock valued at $12,997,000 after purchasing an additional 55,968 shares during the last quarter. JPMorgan Chase & Co. increased its stake in KBR by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 2,463,729 shares of the construction company’s stock valued at $52,059,000 after purchasing an additional 216,953 shares during the last quarter. Finally, Royce & Associates LP increased its stake in KBR by 2.6% in the fourth quarter. Royce & Associates LP now owns 1,466,641 shares of the construction company’s stock valued at $22,264,000 after purchasing an additional 37,577 shares during the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.
KBR stock opened at $22.89 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.31 and a debt-to-equity ratio of 0.81. KBR, Inc. has a 1 year low of $13.90 and a 1 year high of $23.72. The stock has a market capitalization of $3.24 billion, a PE ratio of 14.96, a P/E/G ratio of 1.53 and a beta of 1.51.
KBR (NYSE:KBR) last posted its earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. KBR had a return on equity of 12.84% and a net margin of 3.51%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.20 billion. Equities analysts predict that KBR, Inc. will post 1.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.40%. KBR’s dividend payout ratio (DPR) is currently 20.92%.
In other news, insider John Derbyshire sold 5,460 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $19.95, for a total value of $108,927.00. Following the completion of the sale, the insider now owns 74,570 shares in the company, valued at $1,487,671.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Farhan Mujib sold 2,496 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $20.00, for a total value of $49,920.00. Following the completion of the sale, the insider now owns 138,576 shares of the company’s stock, valued at approximately $2,771,520. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.
Several equities analysts recently commented on KBR shares. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating and set a $25.00 target price for the company in a research note on Friday, May 3rd. TheStreet upgraded KBR from a “c+” rating to a “b-” rating in a research note on Wednesday, April 10th. Cowen restated a “hold” rating and set a $23.00 price target on shares of KBR in a research note on Monday, April 15th. ValuEngine upgraded KBR from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, KeyCorp set a $24.00 price target on KBR and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. KBR presently has an average rating of “Buy” and a consensus target price of $24.50.
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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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