Seven Eight Capital LP Acquires New Shares in KBR, Inc. (NYSE:KBR)

Seven Eight Capital LP bought a new position in KBR, Inc. (NYSE:KBR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,087 shares of the construction company’s stock, valued at approximately $390,000.

Other hedge funds have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in KBR in the 1st quarter worth about $25,000. Larson Financial Group LLC grew 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 worth $33,000 after acquiring an additional 487 shares during the period. CWM LLC raised its holdings in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Fifth Third Bancorp lifted its position in KBR by 17.5% during the second 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 during the period. Finally, Blue Trust Inc. boosted its holdings in KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 0.0 %

Shares of KBR stock opened at $63.58 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $8.54 billion, a price-to-earnings 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 firm’s 50-day moving average is $65.43 and its two-hundred day moving average is $64.49.

KBR (NYSE:KBR) last posted 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. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, research analysts expect that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a dividend of $0.15 per share. 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 is presently -31.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KBR. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.50.

Insider Buying and Selling

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.08% of the company’s stock.

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.