Frontier Capital Management Co. LLC decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 0.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,160,799 shares of the construction company’s stock after selling 2,409 shares during the quarter. KBR comprises approximately 1.0% of Frontier Capital Management Co. LLC’s holdings, making the stock its 15th largest position. Frontier Capital Management Co. LLC owned about 0.05% of KBR worth $136,700,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in KBR. BlackRock Inc. increased its holdings in KBR by 3.3% during the 4th quarter. BlackRock Inc. now owns 16,142,470 shares of the construction company’s stock valued at $245,041,000 after purchasing an additional 508,917 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of KBR by 28.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,166,887 shares of the construction company’s stock worth $93,614,000 after purchasing an additional 1,365,724 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of KBR by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,666,237 shares of the construction company’s stock worth $86,013,000 after purchasing an additional 422,548 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of KBR by 3.9% in the 1st quarter. Pzena Investment Management LLC now owns 4,913,275 shares of the construction company’s stock worth $93,794,000 after purchasing an additional 184,696 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in KBR by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,463,729 shares of the construction company’s stock worth $52,059,000 after buying an additional 216,953 shares during the period. Hedge funds and other institutional investors own 97.74% of the company’s stock.
In related news, insider Farhan Mujib sold 2,496 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $20.00, for a total value of $49,920.00. Following the completion of the sale, the insider now directly owns 138,576 shares in the company, valued at $2,771,520. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Derbyshire sold 5,460 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $19.95, for a total value of $108,927.00. Following the completion of the sale, the insider now owns 74,570 shares of the company’s stock, valued at $1,487,671.50. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
Several analysts recently commented on KBR shares. Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research note on Friday, May 3rd. TheStreet raised KBR from a “c+” rating to a “b-” rating in a research note on Wednesday, April 10th. Cowen reaffirmed a “hold” rating and set a $23.00 price objective on shares of KBR in a research note on Monday, April 15th. ValuEngine raised KBR from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, KeyCorp set a $24.00 price objective on KBR and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.50.
KBR stock traded up $0.25 during midday trading on Thursday, reaching $22.86. 11,481 shares of the company’s stock were exchanged, compared to its average volume of 1,568,639. KBR, Inc. has a 52 week low of $13.90 and a 52 week high of $23.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $3.22 billion, a P/E ratio of 14.93, a PEG ratio of 1.48 and a beta of 1.51.
KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. KBR had a return on equity of 12.84% and a net margin of 3.51%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Research analysts forecast that KBR, Inc. will post 1.66 earnings per share for the current year.
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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