KBR, Inc. (NYSE:KBR) is Huber Capital Management LLC’s Largest Position

Huber Capital Management LLC lessened its stake in KBR, Inc. (NYSE:KBR) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 414,592 shares of the construction company’s stock after selling 83,903 shares during the quarter. KBR makes up about 6.0% of Huber Capital Management LLC’s holdings, making the stock its largest position. Huber Capital Management LLC owned approximately 0.31% of KBR worth $26,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in KBR in the 1st quarter worth about $25,000. Larson Financial Group LLC increased its position in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC lifted its holdings in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the period. Fifth Third Bancorp boosted its position in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in KBR by 27.7% in 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 during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Down 0.0 %

Shares of NYSE KBR opened at $63.55 on Friday. The company has a market cap of $8.53 billion, a price-to-earnings ratio of -33.10, a PEG ratio of 1.25 and a beta of 0.90. The firm’s fifty day moving average is $65.43 and its 200 day moving average is $64.45. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $69.50.

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

KBR Announces Dividend

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

Analysts Set New Price Targets

KBR has been the topic of a number of recent analyst reports. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Friday. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

Insider Buying and Selling

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

KBR Company 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.