Russell Investments Group Ltd. Raises Position in KBR, Inc. (KBR)

Russell Investments Group Ltd. increased its position in shares of KBR, Inc. (NYSE:KBR) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,279,674 shares of the construction company’s stock after purchasing an additional 67,697 shares during the quarter. Russell Investments Group Ltd. owned 1.63% of KBR worth $40,759,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in KBR during the second quarter worth $162,000. Vanguard Group Inc. raised its holdings in KBR by 2.9% during the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after purchasing an additional 334,896 shares during the last quarter. Heartland Advisors Inc. acquired a new position in KBR during the second quarter worth $6,797,000. RK Capital Management LLC acquired a new position in KBR during the second quarter worth $9,064,000. Finally, Peregrine Capital Management LLC raised its holdings in KBR by 2.1% during the third quarter. Peregrine Capital Management LLC now owns 452,945 shares of the construction company’s stock worth $8,099,000 after purchasing an additional 9,174 shares during the last quarter. 99.73% of the stock is owned by hedge funds and other institutional investors.

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KBR, Inc. (NYSE KBR) traded up $0.11 during midday trading on Tuesday, hitting $18.62. The stock had a trading volume of 1,532,400 shares, compared to its average volume of 2,068,752. KBR, Inc. has a 12 month low of $13.36 and a 12 month high of $21.25. The firm has a market capitalization of $2,590.00, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted ($0.44) earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. analysts forecast that KBR, Inc. will post 1.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a yield of 1.72%. KBR’s payout ratio is currently 62.75%.

Several brokerages recently issued reports on KBR. Deutsche Bank AG lifted their price objective on KBR from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. BidaskClub raised KBR from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine cut KBR from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. DA Davidson cut 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. Finally, Zacks Investment Research raised KBR from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.00.

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.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

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