KBR, Inc. (NYSE:KBR) Shares Sold by AREX Capital Management LP

AREX Capital Management LP trimmed its position in KBR, Inc. (NYSE:KBR) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,500 shares of the construction company’s stock after selling 7,500 shares during the quarter. KBR makes up 7.5% of AREX Capital Management LP’s portfolio, making the stock its 5th biggest position. AREX Capital Management LP owned 0.08% of KBR worth $6,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBR. Vanguard Group Inc. boosted its holdings in KBR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after buying an additional 52,679 shares during the last quarter. Wolf Hill Capital Management LP lifted its holdings in shares of KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after purchasing an additional 507,800 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of KBR by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after purchasing an additional 113,140 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock valued at $113,331,000 after purchasing an additional 196,693 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after purchasing an additional 1,148,503 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Up 0.0 %

KBR stock opened at $63.58 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $8.54 billion, a PE ratio of -33.11, a PEG ratio of 1.25 and a beta of 0.90. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $69.50. The business’s 50 day simple moving average is $65.43 and its 200 day simple moving average is $64.49.

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

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend 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

Several research firms have recently weighed in on KBR. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. DA Davidson reissued a “buy” rating and issued a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average target price of $75.50.

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.