KBR, Inc. (NYSE:KBR) Insider Sells $961,210.00 in Stock

by · The Cerbat Gem

KBR, Inc. (NYSE:KBR – Get Free Report) insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now owns 63,533 shares of the company’s stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

KBR Trading Down 0.2 %

NYSE KBR traded down $0.11 on Tuesday, reaching $50.94. The company had a trading volume of 1,108,174 shares, compared to its average volume of 1,239,363. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 0.86 and a beta of 0.86. KBR, Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $72.60. The business has a 50 day moving average of $53.59 and a two-hundred day moving average of $59.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. Analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KBR. KeyCorp dropped their price target on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Citigroup dropped their price target on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, TD Cowen dropped their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.88.

Read Our Latest Report on KBR

Institutional Trading of KBR

A number of large investors have recently bought and sold shares of KBR. Janney Montgomery Scott LLC grew its holdings in KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after acquiring an additional 335 shares during the period. GSA Capital Partners LLP acquired a new stake in KBR during the 3rd quarter worth about $771,000. Victory Capital Management Inc. grew its stake in shares of KBR by 85.1% in the 3rd quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock valued at $3,329,000 after buying an additional 23,491 shares during the period. Natixis Advisors LLC grew its stake in shares of KBR by 34.6% in the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock valued at $3,620,000 after buying an additional 14,295 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after buying an additional 353,209 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

About KBR

(Get Free Report)

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.

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