CNA Financial Corp Purchases 4,400 Shares of KBR, Inc. (KBR)

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%.

WARNING: “CNA Financial Corp Purchases 4,400 Shares of KBR, Inc. (KBR)” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.themarketsdaily.com/2017/09/11/cna-financial-corp-purchases-4400-shares-of-kbr-inc-kbr.html.

About KBR

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.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply