RK Capital Management LLC Has $14.33 Million Position in KBR, Inc. (NYSE:KBR)

RK Capital Management LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR) 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

Several equities research analysts have recently issued reports on KBR shares. StockNews.com downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. DA Davidson boosted their target price on KBR from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, July 31st. TheStreet cut shares of KBR from a “b+” rating to a “c” rating in a research note on Thursday, July 27th. Citigroup cut their price objective on shares of KBR from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Finally, The Goldman Sachs Group decreased their target price on shares of KBR from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, KBR has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

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%.

About KBR

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.