Peregrine Capital Management LLC Acquires 8,859 Shares of KBR, Inc. (KBR)
Peregrine Capital Management LLC boosted its stake in shares of KBR, Inc. (NYSE:KBR) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 443,771 shares of the construction company’s stock after buying an additional 8,859 shares during the period. Peregrine Capital Management LLC owned 0.31% of KBR worth $6,754,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in KBR during the first quarter valued at approximately $109,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares during the period. LS Investment Advisors LLC boosted its stake in KBR by 20.3% in the second quarter. LS Investment Advisors LLC now owns 11,894 shares of the construction company’s stock valued at $181,000 after buying an additional 2,004 shares during the period. Fox Run Management L.L.C. purchased a new stake in KBR during the second quarter valued at approximately $195,000. Finally, Capstone Asset Management Co. boosted its stake in KBR by 1.7% in the first quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock valued at $259,000 after buying an additional 290 shares during the period. 99.74% of the stock is owned by institutional investors.
KBR, Inc. (NYSE:KBR) traded down 0.13% on Friday, reaching $14.92. The company’s stock had a trading volume of 1,745,847 shares. KBR, Inc. has a 12 month low of $13.16 and a 12 month high of $17.95. The company’s market cap is $2.09 billion. The stock’s 50 day moving average price is $15.54 and its 200 day moving average price is $15.18.
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, topping the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $0.35 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts forecast that KBR, Inc. will post $1.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 2.14%. KBR’s payout ratio is currently -128.00%.
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KBR has been the subject of a number of analyst reports. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Vertical Research raised KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. BidaskClub raised KBR from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, TheStreet raised KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.22.
KBR Company Profile
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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