KBR, Inc. (KBR) Position Lifted by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. lifted its stake in KBR, Inc. (NYSE:KBR) by 30.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,757 shares of the construction company’s stock after acquiring an additional 12,639 shares during the period. Ameritas Investment Partners Inc.’s holdings in KBR were worth $833,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in shares of KBR by 53.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 316,861 shares of the construction company’s stock valued at $4,823,000 after acquiring an additional 110,305 shares in the last quarter. Engine Capital Management LLC bought a new position in shares of KBR in the 2nd quarter valued at approximately $5,928,000. State Street Corp raised its stake in shares of KBR by 26.4% in the 2nd quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock valued at $73,828,000 after acquiring an additional 1,013,321 shares in the last quarter. Shelton Capital Management bought a new position in shares of KBR in the 2nd quarter valued at approximately $160,000. Finally, Flinton Capital Management LLC raised its stake in shares of KBR by 77.9% in the 2nd quarter. Flinton Capital Management LLC now owns 13,124 shares of the construction company’s stock valued at $200,000 after acquiring an additional 5,746 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors and hedge funds.
KBR, Inc. (KBR) opened at 19.06 on Friday. KBR, Inc. has a 12 month low of $13.17 and a 12 month high of $19.39. The firm has a 50-day moving average price of $17.83 and a 200 day moving average price of $15.79. The company’s market capitalization is $2.67 billion.
KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, beating the 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 analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts expect that KBR, Inc. will post $1.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a yield of 1.68%. KBR’s dividend payout ratio is -128.00%.
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A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded KBR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of KBR in a research note on Friday, October 6th. BidaskClub raised KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, TheStreet raised KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. KBR has an average rating of “Buy” and a consensus target price of $19.80.
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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