Balyasny Asset Management LLC Grows Holdings in KBR, Inc. (KBR)
Balyasny Asset Management LLC raised its stake in KBR, Inc. (NYSE:KBR) by 462.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,205 shares of the construction company’s stock after buying an additional 93,091 shares during the quarter. Balyasny Asset Management LLC owned 0.08% of KBR worth $1,723,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in KBR. UBS Asset Management Americas Inc. increased its stake in KBR by 15.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock valued at $2,056,000 after buying an additional 18,489 shares during the period. Ameriprise Financial Inc. grew its position in KBR by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 391,103 shares of the construction company’s stock worth $5,878,000 after acquiring an additional 5,019 shares in the last quarter. SG Americas Securities LLC grew its position in KBR by 239.1% in the first quarter. SG Americas Securities LLC now owns 24,031 shares of the construction company’s stock worth $361,000 after acquiring an additional 16,945 shares in the last quarter. OppenheimerFunds Inc. grew its position in KBR by 5.4% in the first quarter. OppenheimerFunds Inc. now owns 1,253,104 shares of the construction company’s stock worth $18,834,000 after acquiring an additional 64,021 shares in the last quarter. Finally, FMR LLC grew its position in KBR by 235.2% in the first quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock worth $218,181,000 after acquiring an additional 10,186,349 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.
KBR has been the subject of several recent research reports. KeyCorp set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a research report on Friday, August 25th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $19.80.
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KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. KBR’s dividend payout ratio (DPR) is presently -128.00%.
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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