Royal Bank of Canada lowered its position in shares of KBR, Inc. (NYSE:KBR) by 58.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,047 shares of the construction company’s stock after selling 27,859 shares during the period. Royal Bank of Canada’s holdings in KBR were worth $305,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. NGAM Advisors L.P. grew its position in shares of KBR by 1.0% during the second quarter. NGAM Advisors L.P. now owns 19,629 shares of the construction company’s stock worth $299,000 after acquiring an additional 201 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of KBR by 3.4% during the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after acquiring an additional 381 shares during the last quarter. State Treasurer State of Michigan grew its position in shares of KBR by 1.7% during the second quarter. State Treasurer State of Michigan now owns 59,042 shares of the construction company’s stock worth $899,000 after acquiring an additional 1,000 shares during the last quarter. Arizona State Retirement System grew its position in shares of KBR by 1.7% during the second quarter. Arizona State Retirement System now owns 60,400 shares of the construction company’s stock worth $919,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of KBR by 1.0% during the second quarter. Texas Permanent School Fund now owns 104,518 shares of the construction company’s stock worth $1,591,000 after acquiring an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 99.73% of the company’s stock.

Several research firms recently weighed in on KBR. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Credit Suisse Group upped their price objective on shares of KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Deutsche Bank AG upped their price objective on shares of KBR from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. KBR presently has an average rating of “Buy” and an average target price of $21.00.

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Shares of KBR, Inc. (NYSE KBR) opened at $18.51 on Friday. KBR, Inc. has a 1-year low of $13.36 and a 1-year high of $21.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $2,592.88, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned ($0.44) EPS. KBR’s revenue was down 3.6% on a year-over-year basis. equities research analysts anticipate that KBR, Inc. will post 1.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is presently 62.75%.

KBR 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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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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