Teacher Retirement System of Texas raised its stake in KBR, Inc. (NYSE:KBR) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,603 shares of the construction company’s stock after buying an additional 381 shares during the period. Teacher Retirement System of Texas’ holdings in KBR were worth $177,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. raised its position in shares of 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 in the last quarter. Louisiana State Employees Retirement System raised its position in shares of KBR by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the construction company’s stock valued at $543,000 after buying an additional 800 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of KBR by 0.3% in the first quarter. Nationwide Fund Advisors now owns 253,356 shares of the construction company’s stock valued at $3,808,000 after buying an additional 649 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of KBR by 8.8% in the first quarter. Russell Investments Group Ltd. now owns 2,116,284 shares of the construction company’s stock valued at $31,806,000 after buying an additional 171,232 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of KBR by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 49,851 shares of the construction company’s stock valued at $749,000 after buying an additional 700 shares in the last quarter. 99.74% of the stock is owned by institutional investors and hedge funds.

Shares of KBR, Inc. (KBR) opened at 16.00 on Thursday. The stock has a 50 day moving average price of $15.47 and a 200 day moving average price of $15.11. The company’s market capitalization is $2.24 billion. KBR, Inc. has a 1-year low of $13.16 and a 1-year high of $17.95.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts forecast that KBR, Inc. will post $1.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s dividend payout ratio is presently -128.00%.

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KBR has been the topic of several research reports. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub lowered KBR from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Finally, KeyCorp set a $20.00 price target on KBR and gave the company a “buy” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.40.

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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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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