ProShare Advisors LLC boosted its holdings in KBR, Inc. (NYSE:KBR) by 78.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,611 shares of the construction company’s stock after buying an additional 10,411 shares during the period. ProShare Advisors LLC’s holdings in KBR were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. Heartland Advisors Inc. purchased a new position in KBR in the second quarter worth $6,797,000. RK Capital Management LLC bought a new stake in KBR in the second quarter worth $9,064,000. UBS Asset Management Americas Inc. raised its stake in shares of KBR by 15.6% during the first quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock valued at $2,056,000 after acquiring an additional 18,489 shares during the last quarter. Rhumbline Advisers raised its stake in KBR by 17.3% in the second quarter. Rhumbline Advisers now owns 299,623 shares of the construction company’s stock worth $4,560,000 after buying an additional 44,109 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in KBR by 3.4% in the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.
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KBR, Inc. (NYSE KBR) opened at 18.49 on Wednesday. The stock’s market capitalization is $2.59 billion. The company’s 50 day moving average is $17.47 and its 200-day moving average is $15.66. KBR, Inc. has a 1-year low of $13.17 and a 1-year high of $18.53.
KBR (NYSE:KBR) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 firm 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 company posted $0.35 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts forecast that KBR, Inc. will post $1.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s payout ratio is -128.00%.
A number of equities research analysts have weighed in on KBR shares. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, KeyCorp set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.80.
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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