Blair William & Co. IL Takes $1.27 Million Position in KBR, Inc. (NYSE:KBR)

Blair William & Co. IL purchased a new stake in shares of KBR, Inc. (NYSE:KBR) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 19,800 shares of the construction company’s stock, valued at approximately $1,270,000.

Several other large investors have also recently modified their holdings of KBR. Vanguard Group Inc. raised its stake in KBR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after buying an additional 52,679 shares during the last quarter. Bank of New York Mellon Corp raised its stake in KBR by 6.8% during 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 buying an additional 113,140 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $113,331,000 after buying an additional 196,693 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in KBR by 359.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after buying an additional 1,148,503 shares during the last quarter. Finally, Freshford Capital Management LLC raised its stake in KBR by 55.5% during the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after buying an additional 344,800 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Trading Up 0.5 %

NYSE:KBR opened at $64.68 on Wednesday. KBR, Inc. has a one year low of $49.37 and a one year high of $69.50. The company has a market cap of $8.68 billion, a PE ratio of -33.69, a PEG ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day moving average of $65.35 and a 200-day moving average of $64.52.

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

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Wall Street Analyst Weigh In

A number of research firms have commented on KBR. DA Davidson restated a “buy” rating and issued a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a report on Friday, September 6th. Finally, StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Insiders Place Their Bets

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.08% of the company’s stock.

KBR Profile

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.