KBR, Inc. (NYSE:KBR) Holdings Boosted by RK Capital Management LLC

RK Capital Management LLC lifted its holdings in KBR, Inc. (NYSE:KBR) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,700 shares of the construction company’s stock after buying an additional 12,100 shares during the period. KBR makes up 3.3% of RK Capital Management LLC’s holdings, making the stock its 7th biggest position. RK Capital Management LLC’s holdings in KBR were worth $15,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Belpointe Asset Management LLC purchased a new position in shares of KBR in the fourth quarter worth about $34,000. Quadrant Capital Group LLC lifted its stake in shares of KBR by 113.7% in the fourth quarter. Quadrant Capital Group LLC now owns 750 shares of the construction company’s stock worth $40,000 after buying an additional 399 shares in the last quarter. Fred Alger Management LLC acquired a new stake in KBR during the third quarter worth about $36,000. Van ECK Associates Corp acquired a new stake in KBR during the first quarter worth about $48,000. Finally, Caldwell Sutter Capital Inc. acquired a new stake in KBR during the fourth quarter worth about $53,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KBR. TheStreet cut shares of KBR from a “b+” rating to a “c” rating in a research report on Thursday, July 27th. StockNews.com began coverage on shares of KBR in a research report on Thursday, August 17th. They set a “buy” rating for the company. Citigroup raised their price objective on shares of KBR from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus lifted their price target on shares of KBR from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, DA Davidson lifted their price target on shares of KBR from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $69.43.

KBR Stock Up 0.1 %

Shares of KBR stock traded up $0.04 during trading on Thursday, reaching $61.52. The company’s stock had a trading volume of 660,160 shares, compared to its average volume of 1,148,519. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of -66.10, a P/E/G ratio of 1.53 and a beta of 1.11. The stock’s 50-day moving average price is $62.63 and its 200 day moving average price is $59.04. KBR, Inc. has a 1-year low of $41.96 and a 1-year high of $65.87.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. KBR had a negative net margin of 1.46% and a positive return on equity of 24.94%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, research analysts anticipate that KBR, Inc. will post 2.9 EPS for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 15th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio (DPR) is currently -58.06%.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 119,889 shares of KBR stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $61.21, for a total value of $7,338,405.69. Following the completion of the transaction, the chief executive officer now owns 669,639 shares in the company, valued at $40,988,603.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Stuart Bradie sold 119,889 shares of KBR stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $61.21, for a total value of $7,338,405.69. Following the completion of the transaction, the chief executive officer now owns 669,639 shares in the company, valued at $40,988,603.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Byron Jr. Bright sold 20,000 shares of KBR stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $60.68, for a total transaction of $1,213,600.00. Following the completion of the transaction, the insider now owns 57,986 shares of the company’s stock, valued at approximately $3,518,590.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,369 shares of company stock worth $8,583,359. Corporate insiders own 1.03% of the company’s stock.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.