2,180 Shares in KBR, Inc. (NYSE:KBR) Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,180 shares of the construction company’s stock, valued at approximately $138,000.

Other large investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of KBR during the 1st quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in KBR during the 4th quarter valued at approximately $64,000. Headlands Technologies LLC acquired a new position in KBR during the 4th quarter valued at approximately $65,000. Anchor Investment Management LLC acquired a new position in KBR during the 4th quarter valued at approximately $69,000. Finally, Principal Securities Inc. acquired a new position in KBR during the 4th quarter valued at approximately $82,000. Institutional investors own 97.02% of the company’s stock.

Insider Transactions at KBR

In related news, EVP Sonia Galindo sold 4,660 shares of the firm’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 transaction, the executive vice president now owns 21,409 shares in the company, valued at $1,412,994. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.

KBR Price Performance

Shares of KBR traded up $0.53 during trading hours on Wednesday, reaching $63.07. The company had a trading volume of 57,437 shares, compared to its average volume of 1,185,734. The firm has a 50 day simple moving average of $64.88 and a 200-day simple moving average of $60.72. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of -32.57, a PEG ratio of 1.32 and a beta of 0.90. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $68.68.

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

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. KBR’s payout ratio is currently -31.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on KBR shares. Citigroup upped their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Truist Financial upped 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 reiterated a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. Stifel Nicolaus increased their price objective on shares of KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, UBS Group increased their price objective on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, KBR currently has an average rating of “Buy” and an average 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.