Sonia Galindo Sells 4,660 Shares of KBR, Inc. (NYSE:KBR) Stock

KBR, Inc. (NYSE:KBR) EVP Sonia Galindo sold 4,660 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the sale, the executive vice president now owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

KBR Price Performance

Shares of NYSE:KBR opened at $66.07 on Thursday. 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 stock has a market capitalization of $8.87 billion, a PE ratio of -34.41, a PEG ratio of 1.28 and a beta of 0.92. The firm has a 50 day moving average of $64.04 and a 200-day moving average of $57.91. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $68.68.

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

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Monday, June 17th. KBR’s dividend payout ratio is presently -31.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. UBS Group lifted their target price on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. KeyCorp increased their price target on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Citigroup raised their price objective on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial boosted their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Michigan Retirement System grew its holdings in shares of KBR by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock valued at $1,796,000 after purchasing an additional 200 shares during the last quarter. Prosperity Financial Group Inc. grew its stake in shares of KBR by 5.3% during the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after buying an additional 215 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of KBR by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock worth $1,125,000 after buying an additional 260 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after acquiring an additional 265 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of KBR by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock valued at $739,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

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.