KBR, Inc. (NYSE:KBR) CEO Sells $1,056,200.00 in Stock

KBR, Inc. (NYSE:KBR) CEO Stuart Bradie sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer now owns 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

KBR Stock Performance

Shares of KBR stock opened at $48.96 on Friday. The company has a 50 day moving average of $52.74 and a 200-day moving average of $53.58. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. The company has a market cap of $6.35 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. As a group, equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, June 13th. KBR’s payout ratio is 22.07%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KBR. Truist Financial decreased their target price on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 7th. The Goldman Sachs Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Tuesday, May 27th. KeyCorp upped their price target on shares of KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Finally, Citigroup cut their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus target price of $67.57.

Hedge Funds Weigh In On KBR

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Utah Retirement Systems lifted its stake in KBR by 2.9% in the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after purchasing an additional 200 shares during the last quarter. Cetera Trust Company N.A lifted its stake in KBR by 5.6% in the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock valued at $188,000 after purchasing an additional 200 shares during the last quarter. CIBC Asset Management Inc lifted its stake in KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after purchasing an additional 203 shares during the last quarter. Voya Investment Management LLC lifted its stake in KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock valued at $1,001,000 after purchasing an additional 241 shares during the last quarter. Finally, KBC Group NV lifted its stake in KBR by 4.8% in the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock valued at $284,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

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.