Insider Selling: KBR, Inc. (NYSE:KBR) CEO Sells $1,056,200.00 in Stock

KBR, Inc. (NYSE:KBR) CEO Stuart Bradie sold 20,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer now owns 802,361 shares of the company’s stock, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

KBR Stock Performance

NYSE KBR opened at $48.96 on Monday. The firm has a 50-day moving average of $52.74 and a 200-day moving average of $53.48. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $6.35 billion, a PE ratio of 16.37, a P/E/G ratio of 0.93 and a beta of 0.78. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. KBR’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. On average, sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, June 13th. KBR’s dividend payout ratio is presently 22.07%.

Institutional Trading of KBR

A number of hedge funds have recently modified their holdings of KBR. Boston Partners lifted its stake in shares of KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after buying an additional 3,216,323 shares during the last quarter. Norges Bank bought a new position in KBR during the fourth quarter worth about $104,033,000. Bank of New York Mellon Corp increased its position in KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after acquiring an additional 1,307,033 shares during the period. Wellington Management Group LLP increased its position in KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock worth $95,776,000 after acquiring an additional 1,167,282 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in KBR by 444.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 1,018,539 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group cut shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Tuesday, May 27th. KeyCorp increased their price target on shares of KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Wall Street Zen cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, Citigroup cut their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and an average price target of $67.57.

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.