Bank of New York Mellon Corp Has $39.23 Million Position in KBR, Inc. (KBR)

Bank of New York Mellon Corp decreased its position in KBR, Inc. (NYSE:KBR) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,194,127 shares of the construction company’s stock after selling 41,650 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.57% of KBR worth $39,230,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC raised its stake in shares of KBR by 47.9% in the second quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after buying an additional 6,956,217 shares during the period. BlackRock Inc. grew its position in shares of KBR by 12.6% during the second quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock worth $235,167,000 after purchasing an additional 1,726,589 shares in the last quarter. Vanguard Group Inc. grew its position in shares of KBR by 2.9% during the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after purchasing an additional 334,896 shares in the last quarter. Huber Capital Management LLC grew its position in shares of KBR by 0.7% during the second quarter. Huber Capital Management LLC now owns 8,330,385 shares of the construction company’s stock worth $126,788,000 after purchasing an additional 61,300 shares in the last quarter. Finally, State Street Corp grew its position in shares of KBR by 26.4% during the second quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after purchasing an additional 1,013,321 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors.

Shares of KBR, Inc. (KBR) traded down $0.19 during trading hours on Friday, hitting $19.83. The stock had a trading volume of 701,242 shares, compared to its average volume of 1,594,584. KBR, Inc. has a twelve month low of $13.36 and a twelve month high of $21.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $2,804.39, a P/E ratio of 38.88, a PEG ratio of 1.51 and a beta of 1.04.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share for the quarter, topping 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 the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned ($0.44) EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. sell-side analysts forecast that KBR, Inc. will post 1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a yield of 1.61%. KBR’s payout ratio is presently 62.75%.

Several equities analysts have weighed in on the company. ValuEngine upgraded KBR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Credit Suisse Group raised their price target on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. TheStreet raised KBR from a “c” rating to a “b-” rating in a research note on Tuesday, October 31st. DA Davidson lowered KBR from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research note on Wednesday, November 1st. Finally, Citigroup raised their price target on KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.00.

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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.

Institutional Ownership by Quarter for KBR (NYSE:KBR)

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