Putnam Investments LLC boosted its position in KBR, Inc. (NYSE:KBR – Free Report) by 2.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 278,478 shares of the construction company’s stock after purchasing an additional 7,643 shares during the period. Putnam Investments LLC owned approximately 0.21% of KBR worth $15,330,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in KBR. Chartwell Investment Partners LLC bought a new position in shares of KBR in the first quarter valued at $1,619,000. HRT Financial LP grew its holdings in shares of KBR by 7.5% during the 4th quarter. HRT Financial LP now owns 22,257 shares of the construction company’s stock valued at $1,175,000 after acquiring an additional 1,552 shares in the last quarter. Tcwp LLC purchased a new position in shares of KBR during the 4th quarter valued at $306,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of KBR during the 4th quarter valued at $63,463,000. Finally, Rhumbline Advisers grew its holdings in shares of KBR by 1.4% during the 1st quarter. Rhumbline Advisers now owns 400,865 shares of the construction company’s stock valued at $22,068,000 after acquiring an additional 5,430 shares in the last quarter.
Insider Activity
In other news, EVP Jennifer Myles sold 480 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $65.32, for a total transaction of $31,353.60. Following the completion of the transaction, the executive vice president now owns 14,520 shares of the company’s stock, valued at $948,446.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider William Byron Jr. Bright sold 20,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $1,213,600.00. Following the completion of the transaction, the insider now owns 57,986 shares of the company’s stock, valued at $3,518,590.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Myles sold 480 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $65.32, for a total transaction of $31,353.60. Following the completion of the transaction, the executive vice president now directly owns 14,520 shares of the company’s stock, valued at approximately $948,446.40. The disclosure for this sale can be found here. 1.03% of the stock is owned by company insiders.
KBR Stock Up 2.1 %
KBR (NYSE:KBR – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. KBR had a negative net margin of 1.46% and a positive return on equity of 24.94%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. As a group, equities research analysts anticipate that KBR, Inc. will post 2.9 EPS for the current year.
KBR Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s dividend payout ratio is currently -58.06%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on KBR. TheStreet cut shares of KBR from a “b+” rating to a “c” rating in a report on Thursday, July 27th. DA Davidson upped their price objective on shares of KBR from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 31st. StockNews.com began coverage on shares of KBR in a report on Thursday, August 17th. They issued a “buy” rating for the company. Citigroup upped their price objective on shares of KBR from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus upped their price objective on shares of KBR from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, KBR presently has a consensus rating of “Buy” and an average price target of $69.71.
View Our Latest Stock Analysis on KBR
About KBR
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.
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