KBR, Inc. (NYSE:KBR) Insider Gregory Sean Conlon Sells 19,000 Shares of Stock

KBR, Inc. (NYSE:KBR) insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

KBR Price Performance

NYSE KBR opened at $50.94 on Wednesday. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The company has a fifty day simple moving average of $53.59 and a 200 day simple moving average of $59.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $6.75 billion, a P/E ratio of 21.40, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, sell-side analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $0.165 dividend. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s payout ratio is currently 23.57%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KBR shares. The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. KeyCorp dropped their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. TD Cowen reduced their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

Institutional Investors Weigh In On KBR

Several hedge funds have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares during the period. LRI Investments LLC acquired a new position in shares of KBR during the fourth quarter valued at about $31,000. First Horizon Advisors Inc. bought a new stake in shares of KBR in the fourth quarter valued at about $32,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KBR during the fourth quarter worth about $68,000. 97.02% of the stock is owned by institutional investors.

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.