Pzena Investment Management LLC Trims Position in KBR, Inc. (NYSE:KBR)

Pzena Investment Management LLC lessened its holdings in shares of KBR, Inc. (NYSE:KBR) by 20.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,929,175 shares of the construction company’s stock after selling 984,100 shares during the quarter. Pzena Investment Management LLC’s holdings in KBR were worth $97,994,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mason Street Advisors LLC lifted its stake 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 purchasing an additional 1,194 shares during the period. CNA Financial Corp lifted its stake in shares of KBR by 8.3% during the 1st quarter. CNA Financial Corp now owns 134,684 shares of the construction company’s stock worth $2,571,000 after purchasing an additional 10,265 shares during the period. Foundry Partners LLC lifted its stake in shares of KBR by 9.0% during the 1st quarter. Foundry Partners LLC now owns 680,802 shares of the construction company’s stock worth $12,997,000 after purchasing an additional 55,968 shares during the period. James Investment Research Inc. lifted its stake in shares of KBR by 192.4% during the 1st quarter. James Investment Research Inc. now owns 47,426 shares of the construction company’s stock worth $905,000 after purchasing an additional 31,207 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of KBR by 4.8% during the 1st quarter. Neuberger Berman Group LLC now owns 1,742,225 shares of the construction company’s stock worth $33,254,000 after purchasing an additional 79,345 shares during the period. 96.88% of the stock is currently owned by institutional investors.

Shares of KBR traded up $0.90 during trading hours on Friday, hitting $25.18. The stock had a trading volume of 521,986 shares, compared to its average volume of 1,386,226. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $3.48 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.71 and a beta of 1.41. The company’s fifty day simple moving average is $25.30 and its 200 day simple moving average is $21.92. KBR, Inc. has a 12-month low of $13.90 and a 12-month high of $26.84.

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 the consensus estimate of $0.40 by $0.01. The business 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%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. As a group, sell-side analysts predict that KBR, Inc. will post 1.67 earnings per share for the current fiscal year.

A number of research analysts have weighed in on KBR shares. Zacks Investment Research lowered KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research note on Tuesday, July 9th. Macquarie set a $25.00 price target on KBR and gave the stock a “hold” rating in a research note on Thursday, May 2nd. ValuEngine lowered KBR from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. KeyCorp increased their target price on KBR from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Cowen reaffirmed a “buy” rating and issued a $31.00 target price on shares of KBR in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.56.

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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