LS Investment Advisors LLC Has $149,000 Holding in KBR, Inc. (KBR)

LS Investment Advisors LLC Has $149,000 Holding in KBR, Inc. (KBR)

LS Investment Advisors LLC continued to hold its position in KBR, Inc. (NYSE:KBR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,890 shares of the construction company’s stock at the end of the first quarter. LS Investment Advisors LLC’s holdings in KBR were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in KBR by 754.2% in the fourth quarter. FMR LLC now owns 4,330,057 shares of the construction company’s stock worth $72,269,000 after buying an additional 3,823,129 shares during the last quarter. Dimensional Fund Advisors LP increased its position in KBR by 25.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,701 shares of the construction company’s stock worth $69,176,000 after buying an additional 837,815 shares during the last quarter. Russell Investments Group Ltd. increased its position in KBR by 8.8% in the first quarter. Russell Investments Group Ltd. now owns 2,116,284 shares of the construction company’s stock worth $31,806,000 after buying an additional 171,232 shares during the last quarter. Bank of New York Mellon Corp increased its position in KBR by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 2,046,360 shares of the construction company’s stock worth $30,757,000 after buying an additional 94,771 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in KBR by 112.7% in the fourth quarter. Teachers Advisors LLC now owns 1,815,820 shares of the construction company’s stock worth $30,306,000 after buying an additional 962,320 shares during the last quarter. 93.00% of the stock is owned by institutional investors.

Shares of KBR, Inc. (NYSE KBR) traded up 5.06% during trading on Thursday, hitting $14.32. 1,748,633 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $14.81 and a 200-day moving average price of $15.83. KBR, Inc. has a one year low of $12.08 and a one year high of $17.95. The stock’s market cap is $2.05 billion.

KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, April 28th. The construction company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. KBR had a net margin of 1.64% and a return on equity of 16.67%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that KBR, Inc. will post $1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.23%. KBR’s dividend payout ratio is currently 68.09%.

KBR has been the subject of a number of research reports. Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. MKM Partners reissued a “buy” rating and issued a $21.00 price target on shares of KBR in a research note on Wednesday, March 1st. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. TheStreet downgraded shares of KBR from a “c” rating to a “d+” rating in a research note on Friday, March 10th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $20.00 price target on shares of KBR in a research note on Sunday, February 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.83.

In other KBR news, CFO Mark W. Sopp purchased 10,000 shares of KBR stock in a transaction dated Wednesday, March 8th. The stock was acquired at an average price of $14.60 per share, for a total transaction of $146,000.00. Following the acquisition, the chief financial officer now owns 42,654 shares in the company, valued at approximately $622,748.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark W. Sopp purchased 5,000 shares of KBR stock in a transaction dated Tuesday, March 7th. The stock was acquired at an average price of $14.40 per share, with a total value of $72,000.00. Following the acquisition, the chief financial officer now owns 42,654 shares in the company, valued at approximately $614,217.60. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KBR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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