KBR, Inc. (KBR) Position Maintained by South Dakota Investment Council
South Dakota Investment Council continued to hold its position in shares of KBR, Inc. (NYSE:KBR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 43,200 shares of the construction company’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in KBR were worth $658,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in KBR by 21.5% during the 2nd quarter. Wells Fargo & Company MN now owns 299,468 shares of the construction company’s stock valued at $4,558,000 after buying an additional 52,985 shares in the last quarter. Swiss National Bank lifted its holdings in KBR by 2.5% during the 2nd quarter. Swiss National Bank now owns 239,941 shares of the construction company’s stock valued at $3,652,000 after buying an additional 5,800 shares in the last quarter. Heartland Advisors Inc. bought a new stake in KBR during the 2nd quarter valued at about $6,797,000. Cim Investment Mangement Inc. bought a new stake in KBR during the 2nd quarter valued at about $294,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in KBR by 25,686.5% during 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 buying an additional 1,350,338 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.
Shares of KBR, Inc. (NYSE KBR) opened at 17.80 on Friday. The firm’s 50-day moving average is $16.15 and its 200 day moving average is $15.14. The firm’s market capitalization is $2.49 billion. KBR, Inc. has a 52 week low of $13.16 and a 52 week high of $18.09.
KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.35 EPS. KBR’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that KBR, Inc. will post $1.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.80%. KBR’s dividend payout ratio (DPR) is -128.00%.
A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. KeyCorp set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. KBR currently has an average rating of “Hold” and an average target price of $18.40.
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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