Lester L. Lyles Sells 17,000 Shares of KBR, Inc. (NYSE:KBR) Stock

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be issued a $0.135 dividend. The ex-dividend date is Tuesday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.12. This represents a $0.54 annualized dividend and a yield of 1.01%. KBR’s payout ratio is 39.67%.

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

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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.