KBR, Inc. (NYSE:KBR) Holdings Increased by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP grew its position in shares of KBR, Inc. (NYSE:KBR) by 37.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,877,497 shares of the construction company’s stock after purchasing an additional 507,800 shares during the period. KBR makes up 12.0% of Wolf Hill Capital Management LP’s portfolio, making the stock its 3rd biggest holding. Wolf Hill Capital Management LP owned about 1.40% of KBR worth $120,423,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KBR. Vanguard Group Inc. grew its position 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of KBR by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after purchasing an additional 113,140 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in KBR by 12.5% in the second 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. Jacobs Levy Equity Management Inc. lifted its position in KBR by 359.9% during the first 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 during the last quarter. Finally, Norges Bank purchased a new position in KBR in the 4th quarter worth approximately $77,193,000. Institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KBR. TD Cowen cut 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. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, DA Davidson reiterated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction dated Monday, August 19th. The shares were 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 $7,091,968. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Down 0.0 %

KBR opened at $63.55 on Friday. The company has a market cap of $8.53 billion, a P/E ratio of -33.10, a P/E/G ratio of 1.25 and a beta of 0.90. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $69.50. The business’s 50-day moving average price is $65.43 and its 200-day moving average price is $64.45. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating 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 firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts expect 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. Shareholders of record on Monday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

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.