Paloma Partners Management Co Raises Stake in KBR, Inc. (KBR)

Paloma Partners Management Co increased its stake in KBR, Inc. (NYSE:KBR) by 10.6% during the first quarter, according to its most recent filing 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 about 0.55% of KBR worth $11,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in KBR during the first quarter valued at about $109,000. Tyers Asset Management LLC bought a new position in KBR during the fourth quarter valued at about $112,000. Flinton Capital Management LLC bought a new position in KBR during the fourth quarter valued at about $136,000. Boothbay Fund Management LLC bought a new position in KBR during the fourth quarter valued at about $178,000. Finally, O Shaughnessy Asset Management LLC increased its position in KBR by 35.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,838 shares of the construction company’s stock valued at $248,000 after buying an additional 3,921 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

Shares of KBR, Inc. (NYSE KBR) remained flat at $14.91 during trading on Monday. The company had a trading volume of 1,121,320 shares. The firm has a 50 day moving average price of $14.68 and a 200 day moving average price of $15.67. The company’s market capitalization is $2.13 billion. KBR, Inc. has a 52 week low of $12.08 and a 52 week high of $17.95.

KBR (NYSE:KBR) last released its quarterly earnings data on Friday, April 28th. The construction company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. KBR’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities research analysts forecast that KBR, Inc. will post $1.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.15%. KBR’s dividend payout ratio is currently -68.08%.

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A number of analysts recently weighed in on the stock. TheStreet cut shares of KBR from a “c” rating to a “d+” rating in a research note on Friday, March 10th. BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. MKM Partners reissued a “buy” rating and issued a $21.00 target price on shares of KBR in a research note on Wednesday, March 1st. Finally, Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently 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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