Oregon Public Employees Retirement Fund raised its position in KBR, Inc. (NYSE:KBR) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,157 shares of the construction company’s stock after purchasing an additional 806 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in KBR were worth $1,425,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Loews Corp raised its position in KBR by 2.7% in the first quarter. Loews Corp now owns 25,471 shares of the construction company’s stock valued at $486,000 after purchasing an additional 663 shares during the last quarter. Retirement Systems of Alabama raised its position in KBR by 0.5% in the first quarter. Retirement Systems of Alabama now owns 183,562 shares of the construction company’s stock valued at $3,504,000 after purchasing an additional 908 shares during the last quarter. Mason Street Advisors LLC raised its position in KBR by 1.6% in the first quarter. Mason Street Advisors LLC now owns 74,986 shares of the construction company’s stock valued at $1,431,000 after purchasing an additional 1,194 shares during the last quarter. Thrivent Financial for Lutherans raised its position in KBR by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,748 shares of the construction company’s stock valued at $543,000 after purchasing an additional 1,811 shares during the last quarter. Finally, Sageworth Trust Co bought a new position in KBR in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.
Several equities research analysts have recently weighed in on the company. TheStreet raised KBR from a “c+” rating to a “b-” rating in a research note on Wednesday, April 10th. KeyCorp increased their price target on KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Macquarie set a $25.00 price target on KBR and gave the company a “hold” rating in a research note on Thursday, May 2nd. SunTrust Banks assumed coverage on KBR in a research note on Monday, July 22nd. They issued a “buy” rating and a $37.00 price target for the company. Finally, ValuEngine cut KBR from a “buy” rating to a “hold” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.20.
KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. KBR had a return on equity of 13.09% and a net margin of 3.52%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, analysts expect that KBR, Inc. will post 1.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 1.33%. KBR’s dividend payout ratio is currently 20.92%.
KBR Company Profile
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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