Zurcher Kantonalbank Zurich Cantonalbank Purchases 128,609 Shares of KBR, Inc. (KBR)
Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of KBR, Inc. (NYSE:KBR) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,484,204 shares of the construction company’s stock after purchasing an additional 128,609 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 1.06% of KBR worth $26,538,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of KBR. Strs Ohio raised its stake in shares of KBR by 141.7% during the 3rd quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after purchasing an additional 5,100 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of KBR during the 2nd quarter worth about $160,000. GSA Capital Partners LLP purchased a new stake in shares of KBR during the 2nd quarter worth about $162,000. Paragon Capital Management Ltd purchased a new stake in shares of KBR during the 2nd quarter worth about $172,000. Finally, Teacher Retirement System of Texas raised its stake in shares of KBR by 3.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after purchasing an additional 381 shares in the last quarter. 99.73% of the stock is owned by institutional investors.
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KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. KBR had a return on equity of 10.22% and a net margin of 1.63%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned ($0.44) EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. sell-side analysts predict that KBR, Inc. will post 1.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s payout ratio is 62.75%.
KBR has been the subject of a number of recent research reports. Citigroup Inc. raised their price target on KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Credit Suisse Group raised their price target on KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. BidaskClub downgraded KBR from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp set a $20.00 price target on KBR and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research downgraded KBR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.00.
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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