Paloma Partners Management Co raised its stake in KBR, Inc. (NYSE:KBR) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 782,066 shares of the construction company’s stock after buying an additional 75,032 shares during the period. Paloma Partners Management Co owned 0.55% of KBR worth $11,754,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. 1060 Capital LLC purchased a new stake in KBR during the first quarter worth about $19,915,000. FMR LLC boosted its position in KBR by 754.2% in the fourth quarter. FMR LLC now owns 4,330,057 shares of the construction company’s stock worth $72,269,000 after buying an additional 3,823,129 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in KBR by 25.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,701 shares of the construction company’s stock worth $69,176,000 after buying an additional 837,815 shares during the last quarter. State Treasurer State of Michigan boosted its position in KBR by 1.2% in the first quarter. State Treasurer State of Michigan now owns 58,042 shares of the construction company’s stock worth $872,000 after buying an additional 700 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in KBR during the first quarter worth $267,000. Institutional investors own 99.74% of the company’s stock.
Shares of KBR, Inc. (NYSE KBR) traded down 0.20% on Friday, hitting $15.28. The stock had a trading volume of 1,575,752 shares. KBR, Inc. has a 12-month low of $12.69 and a 12-month high of $17.95. The stock has a 50 day moving average price of $14.72 and a 200-day moving average price of $15.55. The company’s market cap is $2.19 billion.
KBR (NYSE:KBR) last issued its earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $0.30 earnings per share. KBR’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that KBR, Inc. will post $1.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.09%. KBR’s dividend payout ratio (DPR) is presently -68.08%.
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A number of research analysts recently commented on the company. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub raised KBR from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Vertical Research raised KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. KBR presently has an average rating of “Hold” and an average target price of $17.83.
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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