KBR, Inc. (NYSE:KBR) Short Interest Update

by · The Cerbat Gem

KBR, Inc. (NYSE:KBR – Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 3,000,000 shares, a decline of 18.7% from the March 15th total of 3,690,000 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 1.8 days.

KBR Stock Performance

Shares of NYSE KBR traded down $0.43 during midday trading on Monday, reaching $50.08. 1,400,884 shares of the stock were exchanged, compared to its average volume of 1,307,665. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a 50-day simple moving average of $50.27 and a two-hundred day simple moving average of $57.51. KBR has a twelve month low of $43.89 and a twelve month high of $72.60. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR – Get Free Report) last released 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 net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. As a group, analysts anticipate that KBR will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KBR. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Citigroup lowered their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp lowered their price target on KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.13.

View Our Latest Research Report on KBR

Insider Transactions at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR 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 transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.11% of the company’s stock.

Institutional Investors Weigh In On KBR

Several large investors have recently bought and sold shares of KBR. Vanguard Group Inc. increased its position in shares of KBR by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock worth $740,951,000 after purchasing an additional 68,588 shares in the last quarter. Boston Partners lifted its stake in shares of KBR by 12,326.4% in the fourth 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 in the last quarter. Franklin Resources Inc. boosted its position in KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock worth $166,167,000 after acquiring an additional 451,887 shares during the last quarter. Bank of New York Mellon Corp grew its stake in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after acquiring an additional 1,307,033 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in KBR by 10.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company’s stock valued at $128,517,000 after acquiring an additional 218,327 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Company Profile

(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.

See Also