CNA Financial Corp Has $2.16 Million Holdings in KBR, Inc. (KBR)

CNA Financial Corp lowered its position in KBR, Inc. (NYSE:KBR) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,542 shares of the construction company’s stock after selling 19,666 shares during the quarter. CNA Financial Corp owned about 0.09% of KBR worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Strs Ohio increased its stake in shares of KBR by 141.7% in the third 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 during the period. Shelton Capital Management acquired a new position in shares of KBR during the second quarter valued at approximately $160,000. GSA Capital Partners LLP acquired a new position in shares of KBR during the second quarter valued at approximately $162,000. Paragon Capital Management Ltd acquired a new position in shares of KBR during the second quarter valued at approximately $172,000. Finally, Teacher Retirement System of Texas increased its stake in shares of KBR by 3.4% during the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after acquiring an additional 381 shares during the period. Institutional investors own 99.73% of the company’s stock.

Shares of KBR, Inc. (KBR) traded down $1.77 during trading hours on Wednesday, hitting $17.62. 7,809,500 shares of the company’s stock were exchanged, compared to its average volume of 2,064,464. The firm has a market cap of $2,580.00, a price-to-earnings ratio of 33.43, a P/E/G ratio of 1.48 and a beta of 1.07. KBR, Inc. has a 52 week low of $13.36 and a 52 week high of $21.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.59.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. KBR had a net margin of 1.63% and a return on equity of 10.22%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.44) EPS. sell-side analysts expect that KBR, Inc. will post 1.46 earnings per share for the current year.

The firm also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s payout ratio is presently 62.75%.

A number of research analysts recently commented on KBR shares. TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Credit Suisse Group lifted their price target on shares of KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Deutsche Bank AG lifted their price target on shares of KBR from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.88.

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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)

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