Corbyn Investment Management Inc. MD Has $18.49 Million Stake in KBR, Inc. (NYSE:KBR)

Corbyn Investment Management Inc. MD lessened its stake in KBR, Inc. (NYSE:KBR) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 288,295 shares of the construction company’s stock after selling 2,091 shares during the period. KBR comprises about 7.6% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 2nd largest holding. Corbyn Investment Management Inc. MD owned approximately 0.21% of KBR worth $18,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of KBR. RK Capital Management LLC raised its stake in shares of KBR by 37.4% during the fourth quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock valued at $14,303,000 after acquiring an additional 70,327 shares during the last quarter. CenterBook Partners LP increased its holdings in KBR by 341.8% during the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after purchasing an additional 39,726 shares during the period. Vanguard Group Inc. grew its position in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after buying an additional 52,679 shares during the last quarter. Norden Group LLC grew its position in shares of KBR by 1,030.1% in the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after buying an additional 67,634 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new stake in shares of KBR in the 1st quarter worth approximately $868,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Trading Down 6.6 %

NYSE:KBR opened at $62.04 on Friday. KBR, Inc. has a one year low of $49.37 and a one year high of $69.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day simple moving average is $65.83 and its 200 day simple moving average is $64.32. The firm has a market capitalization of $8.33 billion, a P/E ratio of -32.31, a PEG ratio of 1.43 and a beta of 0.90.

KBR (NYSE:KBR) last released its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, analysts forecast that KBR, Inc. will post 3.24 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. KBR’s dividend payout ratio is currently -31.25%.

Insider Buying and Selling

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KBR has been the subject of a number of research analyst reports. UBS Group raised 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 cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

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.