KBR, Inc. (NYSE:KBR) EVP Sells $307,560.00 in Stock

KBR, Inc. (NYSE:KBR) EVP Sonia Galindo sold 4,660 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

KBR Trading Up 0.7 %

Shares of KBR stock opened at $66.57 on Wednesday. The firm has a 50 day moving average of $63.95 and a 200-day moving average of $57.86. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $68.68.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts predict that KBR, Inc. will post 3.21 earnings per share for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, June 17th. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Institutional Investors Weigh In On KBR

A number of hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of KBR in the 1st quarter worth $25,000. International Assets Investment Management LLC bought a new position in shares of KBR in the fourth quarter valued at $64,000. Headlands Technologies LLC acquired a new position in shares of KBR during the fourth quarter valued at about $65,000. Anchor Investment Management LLC bought a new stake in shares of KBR during the fourth quarter worth about $69,000. Finally, Principal Securities Inc. acquired a new stake in shares of KBR in the 4th quarter worth about $82,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KBR. Truist Financial raised their price target on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. DA Davidson lifted their target price on KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. KeyCorp increased their price target on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Finally, UBS Group raised their price target on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR presently has a consensus rating of “Buy” and a consensus target price of $76.00.

About KBR

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.