Bank of New York Mellon Corp raised its holdings in shares of KBR, Inc. (NYSE:KBR) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,207,573 shares of the construction company’s stock after acquiring an additional 78,629 shares during the quarter. Bank of New York Mellon Corp’s holdings in KBR were worth $39,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. ClariVest Asset Management LLC raised its holdings in KBR by 745,384.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 193,826 shares of the construction company’s stock valued at $3,473,000 after acquiring an additional 193,800 shares during the period. Mutual of America Capital Management LLC raised its holdings in KBR by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 120,487 shares of the construction company’s stock valued at $2,159,000 after acquiring an additional 4,582 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in KBR by 80.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,494,342 shares of the construction company’s stock valued at $26,779,000 after acquiring an additional 667,406 shares during the period. BlackRock Inc. raised its holdings in KBR by 3.3% during the 2nd quarter. BlackRock Inc. now owns 15,584,016 shares of the construction company’s stock valued at $279,266,000 after acquiring an additional 499,938 shares during the period. Finally, Verition Fund Management LLC raised its holdings in KBR by 1,740.4% during the 2nd quarter. Verition Fund Management LLC now owns 217,793 shares of the construction company’s stock valued at $3,903,000 after acquiring an additional 205,959 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.

KBR has been the topic of a number of analyst reports. Zacks Investment Research reissued a “strong-buy” rating and set a $23.00 target price on shares of KBR in a report on Tuesday, November 13th. Drexel Hamilton reaffirmed a “buy” rating and issued a $22.00 price target on shares of KBR in a report on Monday, July 30th. Credit Suisse Group upped their price target on shares of KBR from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. TheStreet raised shares of KBR from a “c+” rating to a “b-” rating in a report on Thursday, August 2nd. Finally, Macquarie cut shares of KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Wednesday, September 19th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.20.

KBR stock opened at $18.52 on Thursday. The firm has a market capitalization of $2.71 billion, a PE ratio of 12.43, a PEG ratio of 1.42 and a beta of 1.11. KBR, Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $22.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.69.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. KBR had a net margin of 11.35% and a return on equity of 13.40%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, sell-side analysts anticipate that KBR, Inc. will post 1.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.73%. KBR’s payout ratio is currently 21.48%.

WARNING: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2018/11/22/bank-of-new-york-mellon-corp-has-39-56-million-holdings-in-kbr-inc-kbr.html.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

Read More: What is the Dow Jones Industrial Average (DJIA)?

Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBR).

Institutional Ownership by Quarter for KBR (NYSE:KBR)

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.