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

KBR, Inc. (NYSE:KBR) insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value 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. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

KBR Stock Performance

Shares of KBR stock traded down $0.11 during mid-day trading on Tuesday, hitting $50.94. 1,108,174 shares of the stock were exchanged, compared to its average volume of 1,239,363. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. The company has a 50-day simple moving average of $53.59 and a 200 day simple moving average of $59.93. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization 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 posted its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. Sell-side analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Institutional Investors Weigh In On KBR

Large investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of KBR during the 3rd quarter worth approximately $26,000. LRI Investments LLC purchased a new stake in shares of KBR during the 4th quarter worth approximately $31,000. UMB Bank n.a. increased its stake 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 last quarter. First Horizon Advisors Inc. purchased a new position in KBR in the 4th quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in KBR in the 4th quarter valued at approximately $68,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KBR. KeyCorp dropped their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. 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 report on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

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.