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

KBR, Inc. (NYSE:KBR) insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

KBR Stock Up 0.8 %

Shares of NYSE:KBR opened at $51.32 on Thursday. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $53.47 and its 200-day moving average is $59.87. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2 billion. Equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is currently 23.57%.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in KBR during the 3rd quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in KBR in the fourth quarter valued at approximately $31,000. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KBR during the fourth quarter worth approximately $32,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KBR in the 4th quarter worth $68,000. Institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KBR shares. KeyCorp decreased their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, TD Cowen decreased 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 investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

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.