KBR (NYSE:KBR) Hits New 1-Year High at $69.40

Shares of KBR, Inc. (NYSE:KBR) hit a new 52-week high during trading on Friday . The company traded as high as $69.40 and last traded at $69.36, with a volume of 618808 shares traded. The stock had previously closed at $68.64.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KBR. DA Davidson restated a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Stifel Nicolaus upped their price objective on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, UBS Group lifted their target price on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, KBR presently has an average rating of “Buy” and an average price target of $76.00.

KBR Trading Up 1.0 %

The firm’s 50-day moving average price is $65.61 and its two-hundred day moving average price is $63.93. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. Research analysts forecast that KBR, Inc. will post 3.24 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. KBR’s dividend payout ratio is presently -31.25%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On KBR

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp bought a new position in shares of KBR in the fourth quarter worth about $217,000. Van ECK Associates Corp lifted its holdings in KBR by 61.4% during the 4th quarter. Van ECK Associates Corp now owns 71,626 shares of the construction company’s stock worth $3,969,000 after buying an additional 27,255 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in KBR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 829,822 shares of the construction company’s stock valued at $45,980,000 after buying an additional 18,097 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of KBR in the 4th quarter valued at $82,000. Finally, AGF Management Ltd. raised its position in shares of KBR by 9.1% during the fourth quarter. AGF Management Ltd. now owns 53,827 shares of the construction company’s stock worth $2,983,000 after acquiring an additional 4,468 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

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.