Copper Rock Capital Partners LLC decreased its position in KBR, Inc. (NYSE:KBR) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 739,914 shares of the construction company’s stock after selling 246,233 shares during the period. KBR makes up 1.6% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 25th largest position. Copper Rock Capital Partners LLC owned approximately 0.52% of KBR worth $18,017,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of KBR by 460.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 30,977 shares of the construction company’s stock valued at $759,000 after buying an additional 25,446 shares during the period. Macquarie Group Ltd. grew its holdings in shares of KBR by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 507,600 shares of the construction company’s stock valued at $12,660,000 after buying an additional 1,950 shares during the period. BlackRock Inc. grew its holdings in shares of KBR by 2.5% in the 2nd quarter. BlackRock Inc. now owns 16,552,290 shares of the construction company’s stock valued at $412,817,000 after buying an additional 399,094 shares during the period. Royal Bank of Canada grew its holdings in shares of KBR by 132.6% in the 2nd quarter. Royal Bank of Canada now owns 10,999 shares of the construction company’s stock valued at $275,000 after buying an additional 6,271 shares during the period. Finally, Verition Fund Management LLC grew its holdings in shares of KBR by 358.4% in the 2nd quarter. Verition Fund Management LLC now owns 263,757 shares of the construction company’s stock valued at $6,579,000 after buying an additional 206,223 shares during the period. 99.45% of the stock is owned by institutional investors.
NYSE KBR traded up $0.08 on Thursday, reaching $23.98. The company had a trading volume of 22,142 shares, compared to its average volume of 1,082,524. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.27. KBR, Inc. has a 1-year low of $13.90 and a 1-year high of $26.84. The company’s fifty day moving average is $25.16 and its 200-day moving average is $23.64.
KBR (NYSE:KBR) last announced its earnings results on Wednesday, July 31st. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. KBR had a net margin of 3.52% and a return on equity of 13.09%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, research analysts forecast that KBR, Inc. will post 1.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, September 13th. KBR’s payout ratio is presently 20.92%.
In related news, insider William Byron Jr. Bright sold 5,926 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $24.49, for a total value of $145,127.74. Following the completion of the transaction, the insider now directly owns 49,380 shares of the company’s stock, valued at approximately $1,209,316.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 6,352 shares of company stock valued at $156,310. Company insiders own 0.92% of the company’s stock.
Several brokerages have recently issued reports on KBR. ValuEngine lowered shares of KBR from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. SunTrust Banks began coverage on shares of KBR in a report on Monday, July 22nd. They issued a “buy” rating and a $37.00 price target for the company. Zacks Investment Research lowered shares of KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 price target for the company. in a report on Tuesday, July 9th. Bank of America reissued a “buy” rating and issued a $30.00 price target on shares of KBR in a report on Thursday, August 22nd. Finally, Cowen reissued a “buy” rating and issued a $31.00 price target on shares of KBR in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. KBR has an average rating of “Buy” and a consensus price target of $27.80.
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.
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