Peregrine Capital Management LLC Increases Stake in KBR, Inc. (KBR)

Peregrine Capital Management LLC boosted its holdings in KBR, Inc. (NYSE:KBR) by 14.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 467,311 shares of the construction company’s stock after acquiring an additional 58,207 shares during the quarter. Peregrine Capital Management LLC’s holdings in KBR were worth $8,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KBR. Sageworth Trust Co acquired a new stake in KBR in the first quarter worth $35,000. State of Alaska Department of Revenue acquired a new stake in KBR in the first quarter worth $102,000. Meeder Asset Management Inc. raised its holdings in KBR by 333.2% in the fourth quarter. Meeder Asset Management Inc. now owns 10,505 shares of the construction company’s stock worth $161,000 after purchasing an additional 8,080 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in KBR in the fourth quarter worth $182,000. Finally, Tower Research Capital LLC TRC raised its holdings in KBR by 218.5% in the third quarter. Tower Research Capital LLC TRC now owns 12,821 shares of the construction company’s stock worth $271,000 after purchasing an additional 8,795 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.

Several research firms have weighed in on KBR. TheStreet upgraded shares of KBR from a “c+” rating to a “b-” rating in a report on Wednesday, April 10th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, April 2nd. Drexel Hamilton reissued a “buy” rating and set a $22.00 price objective on shares of KBR in a research report on Wednesday, February 27th. Cowen set a $23.00 price objective on shares of KBR and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Finally, ValuEngine raised shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. KBR presently has a consensus rating of “Buy” and a consensus price target of $22.90.



In related news, insider Farhan Mujib sold 2,496 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $20.00, for a total value of $49,920.00. Following the completion of the transaction, the insider now owns 138,576 shares of the company’s stock, valued at $2,771,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Derbyshire sold 5,460 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $19.95, for a total transaction of $108,927.00. Following the completion of the transaction, the insider now directly owns 74,570 shares of the company’s stock, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Shares of KBR stock opened at $20.33 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. KBR, Inc. has a 12-month low of $13.90 and a 12-month high of $22.22. The firm has a market cap of $2.83 billion, a PE ratio of 13.29, a P/E/G ratio of 1.41 and a beta of 1.45.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. KBR had a net margin of 5.72% and a return on equity of 13.06%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 43.0% compared to the same quarter last year. On average, research analysts anticipate that KBR, Inc. will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, March 14th. KBR’s dividend payout ratio is 20.92%.

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KBR Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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