Alliancebernstein L.P. grew its holdings in KBR, Inc. (NYSE:KBR) by 126.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 232,568 shares of the construction company’s stock after acquiring an additional 129,898 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of KBR worth $3,540,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in KBR. BlackRock Inc. increased its holdings in shares of KBR by 7,264.8% in the 1st quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock valued at $206,282,000 after acquiring an additional 13,538,277 shares during the last quarter. FMR LLC increased its holdings in shares of KBR by 235.2% in the 1st quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock valued at $218,181,000 after acquiring an additional 10,186,349 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of KBR in the 2nd quarter valued at about $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of KBR by 25,686.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock valued at $20,632,000 after acquiring an additional 1,350,338 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of KBR by 23.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,115,303 shares of the construction company’s stock valued at $76,881,000 after acquiring an additional 970,602 shares during the last quarter. Institutional investors and hedge funds own 99.74% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub downgraded KBR from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded KBR from a “hold” rating to a “sell” rating in a research note on Wednesday. KeyCorp restated a “buy” rating and set a $20.00 price target on shares of KBR in a research note on Friday. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. KBR presently has a consensus rating of “Hold” and a consensus target price of $19.00.
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KBR, Inc. (NYSE:KBR) opened at 17.88 on Friday. The stock’s market capitalization is $2.50 billion. KBR, Inc. has a 52 week low of $13.17 and a 52 week high of $18.28. The firm has a 50 day moving average price of $17.00 and a 200 day moving average price of $15.50.
KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts predict 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. Investors of record on Friday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio (DPR) is -128.00%.
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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