RK Capital Management LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR – Free Report) by 20.4% in the second quarter, Holdings Channel.com reports. The fund owned 220,200 shares of the construction company’s stock after selling 56,500 shares during the quarter. KBR comprises 3.1% of RK Capital Management LLC’s holdings, making the stock its 11th largest holding. RK Capital Management LLC’s holdings in KBR were worth $14,326,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can acquired a new position in KBR during the second quarter valued at approximately $23,701,000. Putnam Investments LLC grew its stake in KBR by 2.8% in the first quarter. Putnam Investments LLC now owns 278,478 shares of the construction company’s stock valued at $15,330,000 after acquiring an additional 7,643 shares during the period. Rhumbline Advisers increased its holdings in shares of KBR by 1.4% in the first quarter. Rhumbline Advisers now owns 400,865 shares of the construction company’s stock worth $22,068,000 after acquiring an additional 5,430 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of KBR by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,987,624 shares of the construction company’s stock worth $129,315,000 after purchasing an additional 6,899 shares during the period. Finally, Boothbay Fund Management LLC lifted its holdings in shares of KBR by 2.2% during the 1st quarter. Boothbay Fund Management LLC now owns 261,804 shares of the construction company’s stock valued at $14,412,000 after purchasing an additional 5,589 shares in the last quarter.
Insider Transactions at KBR
In related news, CFO Mark W. Sopp acquired 5,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $51.53 per share, for a total transaction of $257,650.00. Following the completion of the transaction, the chief financial officer now directly owns 147,178 shares of the company’s stock, valued at approximately $7,584,082.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.03% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
KBR Stock Performance
Shares of KBR traded up $0.73 during mid-day trading on Monday, reaching $52.59. The company’s stock had a trading volume of 500,682 shares, compared to its average volume of 1,285,696. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.97. KBR, Inc. has a 1-year low of $47.70 and a 1-year high of $65.87. The business has a 50-day simple moving average of $57.68 and a two-hundred day simple moving average of $60.35. The stock has a market cap of $7.10 billion, a P/E ratio of -32.82, a PEG ratio of 1.39 and a beta of 1.11.
KBR Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is -34.18%.
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.
- Five stocks we like better than KBR
- Do ETFs Pay Dividends? What You Need to Know
- The most upgraded stocks in November have two things in common
- Investing in the High PE Growth Stocks
- Monday.com rocked earnings like it’s the weekend
- Pros And Cons Of Monthly Dividend Stocks
- Plan to own one retailer? Make it this one
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.