KBR, Inc. (NYSE:KBR) EVP Sells $68,491.50 in Stock

KBR, Inc. (NYSE:KBR) EVP Eileen Akerson sold 1,779 shares of the stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $38.50, for a total transaction of $68,491.50. Following the completion of the sale, the executive vice president now directly owns 85,556 shares of the company’s stock, valued at $3,293,906. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of KBR stock opened at $38.10 on Thursday. The stock has a market capitalization of $5.37 billion, a P/E ratio of -152.40 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $33.45 and a 200 day simple moving average of $28.98. KBR, Inc. has a 12-month low of $16.64 and a 12-month high of $38.79.

KBR (NYSE:KBR) last announced its earnings results on Sunday, February 21st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KBR had a negative net margin of 0.57% and a positive return on equity of 13.98%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. On average, equities analysts anticipate that KBR, Inc. will post 1.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Monday, April 5th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from KBR’s previous quarterly dividend of $0.10. KBR’s dividend payout ratio (DPR) is 26.04%.

A number of brokerages have weighed in on KBR. Truist increased their price target on shares of KBR from $40.00 to $44.00 in a report on Friday, March 26th. DA Davidson increased their price target on shares of KBR from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, March 29th. Truist Securities increased their price target on shares of KBR from $40.00 to $44.00 in a report on Friday, March 26th. UBS Group increased their price target on shares of KBR from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, December 18th. Finally, KeyCorp increased their price objective on shares of KBR from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $34.57.

Several institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of KBR during the 4th quarter worth about $52,718,000. Capital Asset Advisory Services LLC acquired a new stake in KBR in the 4th quarter valued at about $31,000. UBS Asset Management Americas Inc. increased its position in KBR by 4.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 185,643 shares of the construction company’s stock valued at $5,742,000 after acquiring an additional 8,563 shares in the last quarter. Hsbc Holdings PLC increased its position in KBR by 172.8% in the 4th quarter. Hsbc Holdings PLC now owns 50,303 shares of the construction company’s stock valued at $1,551,000 after acquiring an additional 31,865 shares in the last quarter. Finally, Aristotle Capital Boston LLC increased its position in KBR by 49.8% in the 4th quarter. Aristotle Capital Boston LLC now owns 1,042,787 shares of the construction company’s stock valued at $32,253,000 after acquiring an additional 346,827 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through three segments: Government Solutions, Technology Solutions, and Energy Solutions. 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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