Nomura Holdings Inc. Sells 123,384 Shares of KBR, Inc. $KBR

by · The Cerbat Gem

Nomura Holdings Inc. lowered its position in shares of KBR, Inc. (NYSE:KBR – Free Report) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 783,618 shares of the construction company’s stock after selling 123,384 shares during the period. Nomura Holdings Inc. owned approximately 0.61% of KBR worth $37,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of KBR by 22.1% in the 1st quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock worth $421,000 after purchasing an additional 1,531 shares in the last quarter. US Bancorp DE boosted its position in shares of KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock valued at $113,000 after buying an additional 268 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in KBR by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 859,868 shares of the construction company’s stock worth $42,830,000 after buying an additional 17,852 shares in the last quarter. Nuveen LLC bought a new stake in KBR in the 1st quarter worth about $31,454,000. Finally, Fox Run Management L.L.C. purchased a new position in KBR in the 1st quarter worth about $939,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KBR. Oppenheimer initiated coverage on shares of KBR in a report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price target on the stock. Wells Fargo & Company began coverage on shares of KBR in a report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price on the stock. Citigroup cut their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Bank of America lowered their price target on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.09.

Get Our Latest Stock Report on KBR

KBR Stock Down 1.2%

KBR opened at $43.50 on Friday. The firm’s 50 day simple moving average is $42.97 and its two-hundred day simple moving average is $47.02. The company has a market capitalization of $5.52 billion, a PE ratio of 14.95, a PEG ratio of 1.17 and a beta of 0.54. KBR, Inc. has a 1-year low of $39.61 and a 1-year high of $60.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74.

KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 35.14% and a net margin of 4.71%.The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business posted $0.84 EPS. KBR’s revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. KBR’s dividend payout ratio (DPR) is 22.68%.

KBR Profile

(Free Report)

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.

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