Mutual of America Capital Management LLC Has $8.11 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC decreased its stake in KBR, Inc. (NYSE:KBR) by 33.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,482 shares of the construction company’s stock after selling 62,216 shares during the period. Mutual of America Capital Management LLC owned 0.09% of KBR worth $8,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of KBR in the first quarter valued at about $25,000. Larson Financial Group LLC increased its stake in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares during the period. CWM LLC boosted its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 2.3 %

Shares of NYSE:KBR opened at $63.60 on Friday. The business’s 50 day simple moving average is $65.49 and its two-hundred day simple moving average is $64.43. The firm has a market cap of $8.54 billion, a P/E ratio of -33.06, a PEG ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $69.50.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts forecast that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. KBR’s dividend payout ratio is presently -31.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KBR shares. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday, September 6th. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. Finally, DA Davidson restated a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, KBR presently has a consensus rating of “Buy” and an average price target of $75.50.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It 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.