Boston Partners Sells 54,789 Shares of KBR, Inc. (NYSE:KBR)

Boston Partners trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,414,694 shares of the construction company’s stock after selling 54,789 shares during the period. Boston Partners owned approximately 1.00% of KBR worth $35,282,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its holdings in shares of KBR by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 26,070 shares of the construction company’s stock worth $650,000 after buying an additional 390 shares in the last quarter. Loews Corp boosted its holdings in shares of KBR by 2.7% during the 1st quarter. Loews Corp now owns 25,471 shares of the construction company’s stock worth $486,000 after buying an additional 663 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of KBR by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 57,157 shares of the construction company’s stock worth $1,425,000 after buying an additional 806 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of KBR by 6.2% during the 2nd quarter. LPL Financial LLC now owns 15,025 shares of the construction company’s stock worth $375,000 after buying an additional 873 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in shares of KBR by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 74,986 shares of the construction company’s stock worth $1,431,000 after buying an additional 1,194 shares in the last quarter. Hedge funds and other institutional investors own 99.45% of the company’s stock.

KBR has been the topic of a number of research reports. SunTrust Banks initiated coverage on KBR in a research report on Monday, July 22nd. They set a “buy” rating and a $37.00 target price on the stock. Cowen reaffirmed a “buy” rating and set a $31.00 target price on shares of KBR in a research report on Thursday, August 8th. Bank of America reaffirmed a “buy” rating and set a $30.00 target price on shares of KBR in a research report on Thursday, August 22nd. ValuEngine lowered KBR from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research report on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. KBR currently has a consensus rating of “Buy” and an average price target of $27.80.



In related news, insider William Byron Jr. Bright sold 5,926 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $24.49, for a total value of $145,127.74. Following the completion of the sale, the insider now directly owns 49,380 shares of the company’s stock, valued at approximately $1,209,316.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 6,352 shares of company stock valued at $156,310 over the last three months. 0.92% of the stock is currently owned by insiders.

Shares of NYSE:KBR traded down $0.09 during trading on Thursday, reaching $25.77. 144,140 shares of the stock were exchanged, compared to its average volume of 812,628. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 1.27. KBR, Inc. has a 1-year low of $13.90 and a 1-year high of $26.84. The stock has a fifty day moving average of $25.38 and a two-hundred day moving average of $23.08. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.41.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. KBR had a return on equity of 13.09% and a net margin of 3.52%. KBR’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. Sell-side analysts forecast that KBR, Inc. will post 1.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, September 13th. KBR’s payout ratio is currently 20.92%.

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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