Heartland Advisors Inc. raised its holdings in KBR, Inc. (NYSE:KBR) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 546,603 shares of the construction company’s stock after purchasing an additional 100,000 shares during the quarter. Heartland Advisors Inc. owned 0.39% of KBR worth $9,773,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Aperio Group LLC boosted its holdings in shares of KBR by 10.3% in the 3rd quarter. Aperio Group LLC now owns 75,633 shares of the construction company’s stock valued at $1,352,000 after purchasing an additional 7,052 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of KBR by 118.8% in the 3rd quarter. Fox Run Management L.L.C. now owns 28,000 shares of the construction company’s stock valued at $501,000 after purchasing an additional 15,200 shares in the last quarter. Strs Ohio boosted its holdings in shares of KBR by 141.7% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock valued at $155,000 after purchasing an additional 5,100 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of KBR in the 3rd quarter valued at $496,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of KBR by 30.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 54,757 shares of the construction company’s stock valued at $833,000 after purchasing an additional 12,639 shares in the last quarter. 99.74% of the stock is currently owned by hedge funds and other institutional investors.
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KBR has been the topic of a number of research analyst reports. Zacks Investment Research raised KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Wednesday, October 25th. Deutsche Bank AG raised their target price on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub downgraded KBR from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. KeyCorp reaffirmed a “buy” rating and issued a $20.00 target price on shares of KBR in a report on Friday, October 6th. Finally, TheStreet raised KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.43.
KBR, Inc. (KBR) traded up 5.32% during midday trading on Tuesday, hitting $19.60. The company had a trading volume of 1,401,472 shares. KBR, Inc. has a 52 week low of $13.17 and a 52 week high of $19.77. The firm’s 50 day moving average is $18.05 and its 200-day moving average is $15.96. The firm’s market capitalization is $2.74 billion.
KBR (NYSE:KBR) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts expect that KBR, Inc. will post $1.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.72%. KBR’s dividend payout ratio is presently -128.00%.
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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