KBR, Inc. (NYSE:KBR – Get Rating) Director Lester L. Lyles sold 17,000 shares of KBR stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $54.81, for a total value of $931,770.00. Following the completion of the sale, the director now directly owns 60,462 shares in the company, valued at approximately $3,313,922.22. The sale was disclosed in a legal filing with the SEC, which is available at this link.
KBR Trading Up 2.3 %
Shares of KBR stock opened at $53.71 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.96 and a quick ratio of 0.96. KBR, Inc. has a 1 year low of $41.96 and a 1 year high of $58.00. The company has a market capitalization of $7.34 billion, a P/E ratio of 44.60, a P/E/G ratio of 1.33 and a beta of 1.13. The business has a 50 day moving average price of $52.28 and a 200 day moving average price of $50.26.
KBR (NYSE:KBR – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. KBR had a return on equity of 25.46% and a net margin of 2.89%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company’s quarterly revenue was down 35.7% compared to the same quarter last year. Sell-side analysts anticipate that KBR, Inc. will post 2.86 EPS for the current fiscal year.
KBR Increases Dividend
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of KBR. Norges Bank acquired a new position in KBR in the 4th quarter valued at $84,561,000. Arrowstreet Capital Limited Partnership grew its stake in shares of KBR by 9,478.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,303,373 shares of the construction company’s stock valued at $71,334,000 after buying an additional 1,289,765 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of KBR during the 4th quarter valued at $63,463,000. Jennison Associates LLC grew its stake in shares of KBR by 72.9% during the 3rd quarter. Jennison Associates LLC now owns 1,442,525 shares of the construction company’s stock valued at $62,346,000 after buying an additional 608,191 shares during the period. Finally, Samlyn Capital LLC grew its stake in shares of KBR by 29.3% during the 3rd quarter. Samlyn Capital LLC now owns 1,914,884 shares of the construction company’s stock valued at $82,762,000 after buying an additional 434,218 shares during the period.
Analyst Upgrades and Downgrades
KBR has been the subject of a number of research reports. Bank of America reiterated a “buy” rating and set a $65.00 price target on shares of KBR in a research report on Friday, December 2nd. Citigroup lifted their price target on shares of KBR from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Truist Financial lifted their price target on shares of KBR from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Cowen lifted their price target on shares of KBR from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, DA Davidson lifted their price target on shares of KBR from $60.00 to $70.00 in a research report on Tuesday, February 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.29.
KBR Company Profile
KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.
- Get a free copy of the StockNews.com research report on KBR (KBR)
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