KBR, Inc. (KBR) Shares Sold by First Trust Advisors LP
First Trust Advisors LP lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 80.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,217 shares of the construction company’s stock after selling 54,390 shares during the period. First Trust Advisors LP’s holdings in KBR were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its position in shares of KBR by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 60,400 shares of the construction company’s stock worth $919,000 after purchasing an additional 1,000 shares during the last quarter. New Jersey Better Educational Savings Trust acquired a new position in shares of KBR during the 2nd quarter worth about $487,000. Schwab Charles Investment Management Inc. raised its position in shares of KBR by 31.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 749,645 shares of the construction company’s stock worth $11,410,000 after purchasing an additional 178,225 shares during the last quarter. Corbyn Investment Management Inc. MD raised its position in shares of KBR by 3.3% during the 2nd quarter. Corbyn Investment Management Inc. MD now owns 376,992 shares of the construction company’s stock worth $5,738,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of KBR by 319.6% during the 2nd quarter. Sei Investments Co. now owns 41,632 shares of the construction company’s stock worth $634,000 after purchasing an additional 31,709 shares during the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.
Shares of KBR, Inc. (KBR) opened at 17.88 on Friday. The firm’s market cap is $2.50 billion. KBR, Inc. has a one year low of $13.16 and a one year high of $18.25. The stock’s 50 day moving average is $16.32 and its 200-day moving average is $15.18.
KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates 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 revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Analysts anticipate that KBR, Inc. will post $1.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio is presently -128.00%.
A number of research firms have commented on KBR. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. 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 analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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.
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