KBR, Inc. (NYSE:KBR) Insider Sells $2,329,600.00 in Stock

KBR, Inc. (NYSE:KBR) insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

KBR Stock Performance

KBR stock opened at $66.74 on Thursday. The stock has a 50-day simple moving average of $65.00 and a 200 day simple moving average of $63.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $69.37. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of -34.76, a P/E/G ratio of 1.36 and a beta of 0.90.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. On average, research analysts anticipate that KBR, Inc. will post 3.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on KBR. DA Davidson reiterated a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. Stifel Nicolaus lifted their price objective on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. UBS Group lifted their price objective on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR presently has an average rating of “Buy” and a consensus price target of $76.00.

Institutional Trading of KBR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RK Capital Management LLC raised its holdings in KBR by 37.4% during the 4th quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock worth $14,303,000 after purchasing an additional 70,327 shares during the last quarter. CenterBook Partners LP raised its holdings in KBR by 341.8% during the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock worth $2,845,000 after purchasing an additional 39,726 shares during the last quarter. Jennison Associates LLC raised its holdings in KBR by 7.0% during the 4th quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after purchasing an additional 99,196 shares during the last quarter. Vanguard Group Inc. raised its holdings in KBR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares during the last quarter. Finally, Norden Group LLC raised its holdings in KBR by 1,030.1% during the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after purchasing an additional 67,634 shares during the last quarter. 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.