KBR, Inc. (KBR) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 20,892 shares of the construction company’s stock after purchasing an additional 21 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in KBR were worth $318,000 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 in the 1st quarter valued at approximately $109,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in KBR by 322.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after acquiring an additional 5,800 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in KBR in the 2nd quarter valued at approximately $172,000. Teacher Retirement System of Texas raised its holdings in KBR by 3.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after acquiring an additional 381 shares in the last quarter. Finally, LS Investment Advisors LLC raised its holdings in KBR by 20.3% in the 2nd quarter. LS Investment Advisors LLC now owns 11,894 shares of the construction company’s stock valued at $181,000 after acquiring an additional 2,004 shares in the last quarter. 99.74% of the stock is owned by institutional investors and hedge funds.
KBR has been the topic of several analyst reports. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. KeyCorp set a $20.00 price objective on KBR and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research note 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. The company presently has a consensus rating of “Hold” and a consensus price target of $18.40.
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KBR, Inc. (NYSE KBR) opened at 17.84 on Monday. KBR, Inc. has a 12 month low of $13.16 and a 12 month high of $18.25. The company’s market capitalization is $2.50 billion. The firm has a 50-day moving average price of $16.32 and a 200-day moving average price of $15.18.
KBR (NYSE:KBR) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts anticipate that KBR, Inc. will post $1.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.79%. KBR’s payout ratio is presently -128.00%.
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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