KBR, Inc. (NYSE:KBR) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its stake in KBR, Inc. (NYSE:KBR) by 470.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,415 shares of the construction company’s stock after purchasing an additional 105,067 shares during the quarter. Marshall Wace LLP owned about 0.09% of KBR worth $8,172,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KBR. RK Capital Management LLC lifted its stake in shares of KBR by 37.4% during the fourth quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock worth $14,303,000 after buying an additional 70,327 shares during the period. CenterBook Partners LP grew its stake in KBR by 341.8% during the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after purchasing an additional 39,726 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of KBR by 0.4% in the fourth 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. Norden Group LLC raised its stake in shares of KBR by 1,030.1% in the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after purchasing an additional 67,634 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of KBR during the first quarter worth about $868,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’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 completion of the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.08% of the company’s stock.

KBR Trading Down 0.7 %

Shares of KBR stock opened at $64.18 on Monday. The firm has a 50-day simple moving average of $65.18 and a two-hundred day simple moving average of $64.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $69.50. The company has a market cap of $8.62 billion, a P/E ratio of -33.43, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90.

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

KBR Announces Dividend

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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is -31.25%.

Analyst Ratings Changes

A number of equities analysts have issued reports on KBR shares. StockNews.com raised shares of KBR from a “buy” rating to a “strong-buy” rating in a research report on Saturday. DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $75.50.

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.