Crestline Management LP boosted its holdings in KBR, Inc. (NYSE:KBR) by 123.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,969 shares of the construction company’s stock after purchasing an additional 122,072 shares during the period. Crestline Management LP owned approximately 0.16% of KBR worth $3,354,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. PEAK6 Investments LLC bought a new stake in KBR in the third quarter worth $211,000. Meeder Asset Management Inc. lifted its stake in KBR by 333.2% in the fourth quarter. Meeder Asset Management Inc. now owns 10,505 shares of the construction company’s stock worth $161,000 after purchasing an additional 8,080 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in KBR in the fourth quarter worth $182,000. Tower Research Capital LLC TRC lifted its stake in KBR by 218.5% in the third quarter. Tower Research Capital LLC TRC now owns 12,821 shares of the construction company’s stock worth $271,000 after purchasing an additional 8,795 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in KBR in the fourth quarter worth $233,000. 97.74% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on KBR. Cowen set a $23.00 price objective on shares of KBR and gave the company a “hold” rating in a research note on Tuesday, February 26th. Drexel Hamilton reaffirmed a “buy” rating and set a $22.00 price objective on shares of KBR in a research note on Wednesday, February 27th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, January 21st. ValuEngine raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Deutsche Bank downgraded shares of KBR from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.60.
Shares of NYSE:KBR opened at $19.05 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 12.45, a PEG ratio of 1.35 and a beta of 1.46. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. KBR, Inc. has a 12 month low of $13.90 and a 12 month high of $22.22.
KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. KBR had a net margin of 5.72% and a return on equity of 13.06%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 43.0% compared to the same quarter last year. On average, equities analysts anticipate that KBR, Inc. will post 1.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, March 14th. KBR’s dividend payout ratio is currently 20.92%.
In related news, insider John Derbyshire sold 5,460 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $19.95, for a total transaction of $108,927.00. Following the transaction, the insider now owns 74,570 shares in the company, valued at $1,487,671.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Farhan Mujib sold 2,496 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $20.00, for a total transaction of $49,920.00. Following the transaction, the insider now owns 138,576 shares in the company, valued at approximately $2,771,520. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
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KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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