KBR, Inc. (KBR) Short Interest Update
KBR, Inc. (NYSE:KBR) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 14,427,528 shares, a decline of 20.6% from the July 31st total of 18,166,614 shares. Based on an average trading volume of 2,909,937 shares, the days-to-cover ratio is presently 5.0 days. Currently, 10.2% of the shares of the company are short sold.
Shares of KBR (NYSE KBR) opened at 15.64 on Wednesday. The company’s 50-day moving average is $15.47 and its 200-day moving average is $15.11. KBR has a 12-month low of $13.16 and a 12-month high of $17.95. The stock’s market cap is $2.19 billion.
KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. KBR’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, analysts expect that KBR will post $1.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.05%. KBR’s dividend payout ratio (DPR) is presently -128.00%.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of KBR by 7,264.8% in the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock worth $206,282,000 after buying an additional 13,538,277 shares during the period. FMR LLC boosted its stake in shares of KBR by 235.2% in the first quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock worth $218,181,000 after buying an additional 10,186,349 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of KBR during the second quarter worth approximately $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of KBR by 25,686.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock worth $20,632,000 after buying an additional 1,350,338 shares during the period. Finally, 1060 Capital LLC bought a new stake in shares of KBR during the first quarter worth approximately $19,915,000. 99.74% of the stock is owned by institutional investors.
A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. KeyCorp set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.40.
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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.
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