Capstone Asset Management Co. cut its position in KBR Inc. (NYSE:KBR) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 10,471 shares of the company’s stock after selling 345 shares during the period. Capstone Asset Management Co.’s holdings in KBR were worth $158,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock worth $3,089,000 after buying an additional 621 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of KBR during the second quarter worth approximately $860,000. Royal Bank of Canada raised its stake in shares of KBR by 1.8% in the second quarter. Royal Bank of Canada now owns 458,933 shares of the company’s stock worth $6,076,000 after buying an additional 8,167 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of KBR by 176.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,262,162 shares of the company’s stock worth $16,712,000 after buying an additional 806,371 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of KBR by 11.1% in the second quarter. Amalgamated Bank now owns 19,376 shares of the company’s stock worth $305,000 after buying an additional 1,939 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
KBR Inc. (NYSE:KBR) opened at 14.76 on Friday. KBR Inc. has a 12-month low of $11.61 and a 12-month high of $19.94. The stock has a 50 day moving average of $14.79 and a 200 day moving average of $14.63. The stock has a market cap of $2.10 billion, a P/E ratio of 11.44 and a beta of 1.54.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities research analysts anticipate that KBR Inc. will post $0.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.17%. KBR’s dividend payout ratio (DPR) is currently 24.81%.
A number of brokerages have recently commented on KBR. Goldman Sachs Group Inc. lowered shares of KBR from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $16.00 to $15.00 in a research note on Tuesday. Zacks Investment Research downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. DA Davidson reissued a “buy” rating and issued a $20.00 price objective on shares of KBR in a report on Wednesday, October 5th. Johnson Rice raised shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price objective on the stock in a report on Wednesday, October 5th. Finally, Deutsche Bank AG raised shares of KBR from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $16.00 in a report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.23.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).