Wall Street Access Asset Management LLC Has $334,000 Stake in KBR, Inc. (KBR)
Wall Street Access Asset Management LLC lifted its holdings in shares of KBR, Inc. (NYSE:KBR) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,955 shares of the construction company’s stock after buying an additional 2,306 shares during the quarter. Wall Street Access Asset Management LLC’s holdings in KBR were worth $334,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. FMR LLC grew its position in shares of KBR by 47.9% during the 2nd quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after buying an additional 6,956,217 shares during the period. BlackRock Inc. grew its holdings in KBR by 12.6% during the second quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock valued at $235,167,000 after purchasing an additional 1,726,589 shares during the period. Vanguard Group Inc. grew its holdings in KBR by 2.9% during the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock valued at $180,461,000 after purchasing an additional 334,896 shares during the period. Dimensional Fund Advisors LP grew its holdings in KBR by 23.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,115,303 shares of the construction company’s stock valued at $76,881,000 after purchasing an additional 970,602 shares during the period. Finally, Deprince Race & Zollo Inc. grew its holdings in KBR by 3.8% during the second quarter. Deprince Race & Zollo Inc. now owns 3,965,786 shares of the construction company’s stock valued at $60,359,000 after purchasing an additional 145,838 shares during the period. Institutional investors own 99.74% of the company’s stock.
KBR, Inc. (NYSE:KBR) traded down 0.06% on Friday, hitting $17.83. 366,931 shares of the stock traded hands. KBR, Inc. has a 1-year low of $13.16 and a 1-year high of $18.25. The company’s market cap is $2.49 billion. The stock has a 50-day moving average price of $16.32 and a 200 day moving average price of $15.18.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. On average, analysts anticipate that KBR, Inc. will post $1.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s payout ratio is currently -128.00%.
A number of brokerages recently issued reports on KBR. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, KeyCorp set a $20.00 price objective on shares of KBR and gave the company a “buy” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.40.
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.
Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBR).
Receive News & Stock 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 stocks with our FREE daily email newsletter.