KBR, Inc. (NYSE:KBR) Stake Boosted by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP boosted its stake in KBR, Inc. (NYSE:KBR) by 37.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,877,497 shares of the construction company’s stock after buying an additional 507,800 shares during the period. KBR accounts for approximately 12.0% of Wolf Hill Capital Management LP’s portfolio, making the stock its 3rd largest position. Wolf Hill Capital Management LP’s holdings in KBR were worth $120,423,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after purchasing an additional 52,679 shares during the period. Bank of New York Mellon Corp raised its holdings in KBR by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after purchasing an additional 113,140 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in KBR by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock valued at $113,331,000 after buying an additional 196,693 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after buying an additional 1,148,503 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of KBR in the 4th quarter worth about $77,193,000. 97.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KBR shares. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, DA Davidson restated a “buy” rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by corporate insiders.

KBR Stock Performance

Shares of KBR stock opened at $63.55 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average price of $65.43 and a 200-day moving average price of $64.45. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $69.50. The firm has a market capitalization of $8.53 billion, a PE ratio of -33.10, a P/E/G ratio of 1.25 and a beta of 0.90.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. As a group, equities research analysts expect that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 0.94%. KBR’s dividend payout ratio (DPR) is -31.25%.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.