California Public Employees Retirement System decreased its position in shares of KBR, Inc. (NYSE:KBR) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 428,836 shares of the construction company’s stock after selling 5,400 shares during the period. California Public Employees Retirement System owned 0.30% of KBR worth $6,445,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in KBR by 25.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,701 shares of the construction company’s stock valued at $69,176,000 after buying an additional 837,815 shares in the last quarter. Federated Investors Inc. PA increased its position in KBR by 4.0% in the fourth quarter. Federated Investors Inc. PA now owns 79,756 shares of the construction company’s stock valued at $1,331,000 after buying an additional 3,071 shares in the last quarter. FMR LLC increased its position in KBR by 754.2% in the fourth quarter. FMR LLC now owns 4,330,057 shares of the construction company’s stock valued at $72,269,000 after buying an additional 3,823,129 shares in the last quarter. Credit Agricole S A bought a new position in KBR during the fourth quarter valued at approximately $313,000. Finally, Guggenheim Capital LLC increased its position in KBR by 672.1% in the fourth quarter. Guggenheim Capital LLC now owns 155,818 shares of the construction company’s stock valued at $2,601,000 after buying an additional 135,636 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Shares of KBR, Inc. (NYSE:KBR) traded up 0.47% during trading on Friday, reaching $14.92. 1,330,900 shares of the company were exchanged. KBR, Inc. has a 1-year low of $13.16 and a 1-year high of $17.95. The firm’s market capitalization is $2.14 billion. The company’s 50-day moving average is $15.13 and its 200 day moving average is $15.27.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. Equities research analysts expect that KBR, Inc. will post $1.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.14%. KBR’s dividend payout ratio is currently -68.08%.
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KBR has been the topic of several recent analyst reports. Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Vertical Research raised KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Finally, BidaskClub cut KBR from a “hold” rating to a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven 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 $18.22.
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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