Eqis Capital Management Inc. Decreases Holdings in KBR, Inc. (NYSE:KBR)

Eqis Capital Management Inc. decreased its position in KBR, Inc. (NYSE:KBR) by 19.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,743 shares of the construction company’s stock after selling 9,063 shares during the quarter. Eqis Capital Management Inc.’s holdings in KBR were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC boosted its holdings in KBR by 14.2% during the 1st quarter. Peregrine Capital Management LLC now owns 467,311 shares of the construction company’s stock valued at $8,921,000 after acquiring an additional 58,207 shares during the period. Mason Street Advisors LLC boosted its holdings in KBR by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 74,986 shares of the construction company’s stock valued at $1,431,000 after acquiring an additional 1,194 shares during the period. CNA Financial Corp boosted its holdings in KBR by 8.3% during the 1st quarter. CNA Financial Corp now owns 134,684 shares of the construction company’s stock valued at $2,571,000 after acquiring an additional 10,265 shares during the period. Foundry Partners LLC boosted its holdings in KBR by 9.0% during the 1st quarter. Foundry Partners LLC now owns 680,802 shares of the construction company’s stock valued at $12,997,000 after acquiring an additional 55,968 shares during the period. Finally, James Investment Research Inc. boosted its holdings in KBR by 192.4% during the 1st quarter. James Investment Research Inc. now owns 47,426 shares of the construction company’s stock valued at $905,000 after acquiring an additional 31,207 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

A number of equities research analysts have weighed in on the company. SunTrust Banks initiated coverage on KBR in a research report on Monday, July 22nd. They set a “buy” rating and a $37.00 target price for the company. Macquarie set a $25.00 price target on KBR and gave the company a “hold” rating in a research report on Thursday, May 2nd. Cowen restated a “buy” rating and issued a $31.00 price target on shares of KBR in a research report on Thursday, August 8th. Deutsche Bank set a $24.00 price target on KBR and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, KeyCorp boosted their price target on KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. KBR currently has an average rating of “Buy” and a consensus price target of $27.56.

Shares of KBR opened at $24.28 on Friday. KBR, Inc. has a twelve month low of $13.90 and a twelve month high of $26.84. The stock’s 50 day moving average is $25.30 and its two-hundred day moving average is $21.92. The firm has a market capitalization of $3.64 billion, a PE ratio of 15.87, a P/E/G ratio of 1.71 and a beta of 1.41. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. KBR had a return on equity of 13.09% and a net margin of 3.52%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. On average, sell-side analysts predict that KBR, Inc. will post 1.67 EPS for the current year.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

Featured Article: Understanding Market Liquidity

Institutional Ownership by Quarter for KBR (NYSE:KBR)

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.