KBR, Inc. (NYSE:KBR) Stake Decreased by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY cut its stake in KBR, Inc. (NYSE:KBR) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,150 shares of the construction company’s stock after selling 153 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in KBR were worth $2,001,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in KBR during the first quarter valued at $109,000. Capstone Asset Management Co. boosted its position in KBR by 1.7% in the first quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock valued at $259,000 after buying an additional 290 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in KBR during the first quarter valued at $267,000. Advantus Capital Management Inc boosted its position in KBR by 3.2% in the first quarter. Advantus Capital Management Inc now owns 18,293 shares of the construction company’s stock valued at $275,000 after buying an additional 562 shares in the last quarter. Finally, Segantii Capital Management Ltd acquired a new position in KBR during the first quarter valued at $281,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
KBR, Inc. (NYSE KBR) opened at 15.63 on Thursday. KBR, Inc. has a 52 week low of $13.16 and a 52 week high of $17.95. The company’s market capitalization is $2.24 billion. The company’s 50-day moving average price is $14.96 and its 200-day moving average price is $15.35.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, April 28th. The construction company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. KBR had a positive return on equity of 4.79% and a negative net margin of 1.51%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $0.30 EPS. KBR’s revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that KBR, Inc. will post $1.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, June 13th. KBR’s payout ratio is -68.08%.
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Several research firms have recently weighed in on KBR. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Vertical Research raised KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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