Cambiar Investors LLC lowered its stake in KBR, Inc. (NYSE:KBR) by 38.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 633,470 shares of the construction company’s stock after selling 393,098 shares during the period. Cambiar Investors LLC owned 0.45% of KBR worth $11,326,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KBR. Strs Ohio raised its holdings in shares of KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after buying an additional 5,100 shares during the last quarter. Shelton Capital Management purchased a new position in shares of KBR in the second quarter worth $160,000. GSA Capital Partners LLP purchased a new position in shares of KBR in the second quarter worth $162,000. Paragon Capital Management Ltd purchased a new position in shares of KBR in the second quarter worth $172,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of KBR by 3.4% in the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after buying an additional 381 shares during the last quarter. 99.73% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. ValuEngine raised shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, November 6th. DA Davidson cut shares of KBR from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Wednesday, November 1st. BidaskClub cut shares of KBR from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. TheStreet raised shares of KBR from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.88.
Shares of KBR, Inc. (NYSE KBR) traded down $1.47 during trading on Tuesday, hitting $19.39. 9,364,000 shares of the company traded hands, compared to its average volume of 2,038,231. KBR, Inc. has a 12-month low of $13.36 and a 12-month high of $21.25. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2,922.06, a PE ratio of 35.97, a PEG ratio of 1.59 and a beta of 1.07.
KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned ($0.44) earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. analysts predict that KBR, Inc. will post 1.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.65%. KBR’s payout ratio is 62.75%.
TRADEMARK VIOLATION WARNING: This piece was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://sportsperspectives.com/2017/11/14/kbr-inc-kbr-shares-sold-by-cambiar-investors-llc.html.
KBR Company Profile
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.