Levin Capital Strategies L.P. Invests $449,000 in KBR, Inc. (NYSE:KBR)

Levin Capital Strategies L.P. bought a new stake in shares of KBR, Inc. (NYSE:KBR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the construction company’s stock, valued at approximately $449,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of KBR in the 4th quarter valued at $77,193,000. Jacobs Levy Equity Management Inc. increased its stake in KBR by 359.9% in 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 in the last quarter. Freshford Capital Management LLC raised its holdings in shares of KBR by 55.5% during the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after purchasing an additional 344,800 shares during the period. Franklin Resources Inc. boosted its position in shares of KBR by 12.1% during the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after purchasing an additional 331,749 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of KBR by 85.2% in the 2nd quarter. Van ECK Associates Corp now owns 523,020 shares of the construction company’s stock valued at $33,547,000 after buying an additional 240,677 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KBR shares. UBS Group upped their price target on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. 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. According to MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and an average price target of $75.50.

KBR Price Performance

KBR opened at $61.53 on Tuesday. The firm’s fifty day moving average price is $65.79 and its two-hundred day moving average price is $64.37. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of -32.05, a P/E/G ratio of 1.27 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $69.50.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, September 16th. KBR’s dividend payout ratio is presently -31.25%.

Insider Buying and Selling

In related 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 transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is owned by insiders.

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.