CNA Financial Corp boosted its position in KBR, Inc. (NYSE:KBR) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,208 shares of the construction company’s stock after acquiring an additional 4,400 shares during the period. CNA Financial Corp owned 0.10% of KBR worth $2,134,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of KBR. BlackRock Inc. boosted its holdings in KBR by 7,264.8% in the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock valued at $206,282,000 after acquiring an additional 13,538,277 shares during the last quarter. FMR LLC boosted its holdings in KBR by 235.2% in the first quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock valued at $218,181,000 after acquiring an additional 10,186,349 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in KBR in the second quarter valued at about $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in KBR by 25,686.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock valued at $20,632,000 after acquiring an additional 1,350,338 shares during the last quarter. Finally, 1060 Capital LLC bought a new position in KBR in the first quarter valued at about $19,915,000. Institutional investors and hedge funds own 99.74% of the company’s stock.
KBR has been the topic of several recent research reports. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, KeyCorp set a $20.00 target price on KBR and gave the stock a “buy” rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. KBR has a consensus rating of “Hold” and an average target price of $18.40.
Shares of KBR, Inc. (NYSE KBR) traded up 0.23% during trading on Monday, reaching $17.45. The company’s stock had a trading volume of 352,163 shares. The firm’s market cap is $2.44 billion. The company’s 50 day moving average price is $15.81 and its 200 day moving average price is $15.07. KBR, Inc. has a 12 month low of $13.16 and a 12 month high of $18.09.
KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $1.09 billion during 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 business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts predict that KBR, Inc. will post $1.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.84%. KBR’s payout ratio is -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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