Cornercap Investment Counsel Inc. Acquires New Stake in KBR, Inc. (KBR)
Cornercap Investment Counsel Inc. acquired a new stake in KBR, Inc. (NYSE:KBR) in the 4th quarter, HoldingsChannel reports. The firm acquired 35,890 shares of the construction company’s stock, valued at approximately $712,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Jefferies Group LLC boosted its position in shares of KBR by 19.4% in the fourth quarter. Jefferies Group LLC now owns 23,517 shares of the construction company’s stock valued at $466,000 after acquiring an additional 3,814 shares during the period. Leucadia National Corp boosted its position in shares of KBR by 25.6% in the fourth quarter. Leucadia National Corp now owns 19,165 shares of the construction company’s stock valued at $380,000 after acquiring an additional 3,912 shares during the period. First Trust Advisors LP boosted its position in shares of KBR by 30.8% in the fourth quarter. First Trust Advisors LP now owns 17,326 shares of the construction company’s stock valued at $344,000 after acquiring an additional 4,080 shares during the period. Zions Bancorporation bought a new stake in shares of KBR in the third quarter valued at approximately $113,000. Finally, Balter Liquid Alternatives LLC bought a new stake in shares of KBR in the fourth quarter valued at approximately $138,000. 99.99% of the stock is owned by institutional investors.
KBR, Inc. (NYSE KBR) opened at $16.77 on Wednesday. The company has a market capitalization of $2,329.86, a price-to-earnings ratio of 5.48, a P/E/G ratio of 1.37 and a beta of 1.24. KBR, Inc. has a 12-month low of $13.36 and a 12-month high of $21.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.33 and a quick ratio of 1.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.32 annualized dividend and a yield of 1.91%. KBR’s dividend payout ratio is currently 10.46%.
Several research firms have recently weighed in on KBR. TheStreet cut KBR from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Citigroup reduced their price objective on KBR from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. DA Davidson reduced their price objective on KBR to $17.50 and set a “neutral” rating for the company in a research report on Monday, February 26th. Credit Suisse Group cut KBR from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $16.00 in a research report on Monday, February 26th. Finally, Alembic Global Advisors set a $24.00 target price on KBR and gave the stock a “buy” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.50.
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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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