D. E. Shaw & Co. Inc. Takes Position in KBR, Inc. (NYSE:KBR)

D. E. Shaw & Co. Inc. acquired a new stake in shares of KBR, Inc. (NYSE:KBR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 11,600 shares of the construction company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBR. Suvretta Capital Management LLC purchased a new position in shares of KBR during the second quarter valued at approximately $75,080,000. Invesco Ltd. raised its holdings in shares of KBR by 36.7% during the second quarter. Invesco Ltd. now owns 4,027,637 shares of the construction company’s stock valued at $100,449,000 after purchasing an additional 1,080,882 shares during the last quarter. Carlson Capital L P raised its holdings in shares of KBR by 108.4% during the second quarter. Carlson Capital L P now owns 1,785,865 shares of the construction company’s stock valued at $44,539,000 after purchasing an additional 928,853 shares during the last quarter. BlackRock Inc. raised its holdings in shares of KBR by 2.5% during the second quarter. BlackRock Inc. now owns 16,552,290 shares of the construction company’s stock valued at $412,817,000 after purchasing an additional 399,094 shares during the last quarter. Finally, Man Group plc raised its holdings in shares of KBR by 2,544.4% during the second quarter. Man Group plc now owns 400,046 shares of the construction company’s stock valued at $9,977,000 after purchasing an additional 384,918 shares during the last quarter. 99.45% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Tuesday, July 9th. Cowen reaffirmed a “buy” rating and set a $31.00 target price on shares of KBR in a report on Thursday, August 8th. SunTrust Banks initiated coverage on shares of KBR in a report on Monday, July 22nd. They set a “buy” rating and a $37.00 target price for the company. ValuEngine cut shares of KBR from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Bank of America reaffirmed a “buy” rating and set a $30.00 target price on shares of KBR in a report on Thursday, August 22nd. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. KBR presently has a consensus rating of “Buy” and a consensus price target of $27.80.

In other KBR news, insider William Byron Jr. Bright sold 5,926 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $24.49, for a total transaction 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 $1,209,316.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 6,352 shares of company stock valued at $156,310. 0.92% of the stock is owned by corporate insiders.

Shares of KBR stock opened at $24.76 on Friday. KBR, Inc. has a 12 month low of $13.90 and a 12 month high of $26.84. The stock has a market cap of $3.35 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.40 and a beta of 1.36. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78. The company has a 50 day simple moving average of $25.12 and a two-hundred day simple moving average of $23.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.29%. KBR’s dividend payout ratio is currently 20.92%.

About KBR

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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