KBC Group NV Increases Position in KBR, Inc. (KBR)
KBC Group NV increased its stake in shares of KBR, Inc. (NYSE:KBR) by 10.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,008 shares of the construction company’s stock after buying an additional 15,337 shares during the period. KBC Group NV owned about 0.11% of KBR worth $2,389,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of KBR by 7,264.8% in the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock valued at $206,282,000 after buying an additional 13,538,277 shares in the last quarter. FMR LLC boosted its stake in shares of KBR by 235.2% in the first quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock valued at $218,181,000 after buying an additional 10,186,349 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of KBR during the second quarter valued at about $37,365,000. 1060 Capital LLC bought a new stake in shares of KBR during the first quarter valued at about $19,915,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of KBR by 46.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,590,766 shares of the construction company’s stock valued at $53,970,000 after buying an additional 1,131,307 shares in the last quarter. 99.74% of the stock is owned by institutional investors.
KBR, Inc. (NYSE KBR) opened at 15.20 on Monday. The company’s 50 day moving average is $15.47 and its 200 day moving average is $15.11. The firm’s market cap is $2.13 billion. KBR, Inc. has a 12-month low of $13.16 and a 12-month high of $17.95.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts anticipate that KBR, Inc. will post $1.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders 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 dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s dividend payout ratio is presently -128.00%.
Several analysts have recently issued reports on KBR shares. Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. BidaskClub cut shares of KBR from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Finally, KeyCorp set a $20.00 price objective on shares of KBR and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. KBR has an average rating of “Hold” and a consensus target price of $18.40.
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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