Huber Capital Management LLC Sells 991,242 Shares of KBR, Inc. (KBR)

Huber Capital Management LLC cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,339,143 shares of the construction company’s stock after selling 991,242 shares during the quarter. KBR makes up approximately 7.2% of Huber Capital Management LLC’s portfolio, making the stock its largest holding. Huber Capital Management LLC owned 5.24% of KBR worth $131,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KBR. Oregon Public Employees Retirement Fund lifted its holdings in KBR by 4.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 52,113 shares of the construction company’s stock valued at $793,000 after purchasing an additional 2,262 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in KBR by 20.3% during the second quarter. LS Investment Advisors LLC now owns 11,894 shares of the construction company’s stock valued at $181,000 after purchasing an additional 2,004 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in KBR by 3.3% during the second quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock valued at $568,000 after purchasing an additional 1,200 shares during the last quarter. Aperio Group LLC lifted its holdings in KBR by 12.7% during the second quarter. Aperio Group LLC now owns 68,581 shares of the construction company’s stock valued at $1,044,000 after purchasing an additional 7,716 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in KBR by 1.7% during the second quarter. State Treasurer State of Michigan now owns 59,042 shares of the construction company’s stock valued at $899,000 after purchasing an additional 1,000 shares during the last quarter. 99.74% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on KBR. KeyCorp set a $20.00 price objective on shares of KBR and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup upped their price objective on shares of KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 27th. ValuEngine upgraded KBR from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group upped their price target on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.00.

Shares of KBR, Inc. (NYSE:KBR) traded up $0.07 on Monday, hitting $18.82. The stock had a trading volume of 1,340,000 shares, compared to its average volume of 2,055,859. KBR, Inc. has a 12-month low of $13.36 and a 12-month high of $21.25. The company has a market capitalization of $2,636.30, a PE ratio of 32.45, a PEG ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. KBR had a return on equity of 10.22% and a net margin of 1.63%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted ($0.44) earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. equities analysts expect that KBR, Inc. will post 1.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is presently 62.75%.

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About KBR

KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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