Alliancebernstein L.P. reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 3.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,670 shares of the construction company’s stock after selling 3,531 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of KBR worth $1,543,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC boosted its position in shares of KBR by 2.3% in the first quarter. Pzena Investment Management LLC now owns 4,942,159 shares of the construction company’s stock valued at $74,281,000 after buying an additional 111,802 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of KBR by 18.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,819,948 shares of the construction company’s stock valued at $57,414,000 after buying an additional 594,765 shares during the period. Russell Investments Group Ltd. boosted its position in shares of KBR by 8.8% in the first quarter. Russell Investments Group Ltd. now owns 2,116,284 shares of the construction company’s stock valued at $31,806,000 after buying an additional 171,232 shares during the period. Neuberger Berman Group LLC boosted its position in shares of KBR by 2.3% in the first quarter. Neuberger Berman Group LLC now owns 2,070,798 shares of the construction company’s stock valued at $31,124,000 after buying an additional 46,705 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of KBR by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 2,046,360 shares of the construction company’s stock valued at $30,757,000 after buying an additional 94,771 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Shares of KBR, Inc. (KBR) opened at 14.91 on Tuesday. The stock has a 50 day moving average of $15.01 and a 200-day moving average of $15.35. The company’s market capitalization is $2.13 billion. KBR, Inc. has a 1-year low of $13.16 and a 1-year high of $17.95.

KBR (NYSE:KBR) last issued its earnings results on Friday, April 28th. The construction company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts forecast that KBR, Inc. will post $1.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, June 13th. KBR’s payout ratio is -68.08%.

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KBR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

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