Profund Advisors LLC Has $358,000 Stake in KBR, Inc. (KBR)
Profund Advisors LLC reduced its position in KBR, Inc. (NYSE:KBR) by 17.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,839 shares of the construction company’s stock after selling 5,159 shares during the period. Profund Advisors LLC’s holdings in KBR were worth $358,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. WFG Advisors LP raised its stake in KBR by 23,321.4% in the fourth quarter. WFG Advisors LP now owns 3,279 shares of the construction company’s stock worth $365,000 after buying an additional 3,265 shares in the last quarter. Tyers Asset Management LLC acquired a new stake in KBR during the fourth quarter worth $112,000. Riverhead Capital Management LLC raised its stake in KBR by 67.2% in the third quarter. Riverhead Capital Management LLC now owns 8,000 shares of the construction company’s stock worth $121,000 after buying an additional 3,215 shares in the last quarter. Flinton Capital Management LLC acquired a new stake in KBR during the fourth quarter worth $136,000. Finally, RBF Capital LLC acquired a new stake in KBR during the third quarter worth $151,000. Institutional investors own 93.00% of the company’s stock.
Shares of KBR, Inc. (NYSE:KBR) opened at 14.03 on Friday. KBR, Inc. has a 1-year low of $12.08 and a 1-year high of $17.95. The firm has a 50-day moving average of $14.91 and a 200 day moving average of $15.84. The stock’s market cap is $2.01 billion.
KBR (NYSE:KBR) last issued its earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. KBR had a net margin of 1.64% and a return on equity of 16.67%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Equities research analysts forecast that KBR, Inc. will post $1.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.28%. KBR’s dividend payout ratio is presently 68.09%.
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A number of equities research analysts recently weighed in on the stock. Credit Suisse Group AG restated a “buy” rating and issued a $20.00 target price on shares of KBR in a report on Sunday, February 5th. DA Davidson restated a “buy” rating on shares of KBR in a report on Thursday, February 16th. MKM Partners restated a “buy” rating and issued a $21.00 target price on shares of KBR in a report on Wednesday, March 1st. Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Finally, Zacks Investment Research lowered shares of KBR from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.83.
In other news, CFO Mark W. Sopp bought 5,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the chief financial officer now owns 42,654 shares in the company, valued at approximately $614,217.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark W. Sopp bought 10,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was purchased at an average price of $14.60 per share, for a total transaction of $146,000.00. Following the purchase, the chief financial officer now owns 42,654 shares of the company’s stock, valued at approximately $622,748.40. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.
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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