KBR, Inc. (NYSE:KBR – Get Free Report) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.1650 per share by the construction company on Friday, January 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 15th.
KBR has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. KBR has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KBR to earn $4.15 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 15.9%.
KBR Trading Down 0.6%
KBR traded down $0.21 during mid-day trading on Wednesday, reaching $35.20. The stock had a trading volume of 1,095,526 shares, compared to its average volume of 1,579,278. The firm’s fifty day simple moving average is $36.54 and its two-hundred day simple moving average is $35.68. The stock has a market capitalization of $4.44 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.90 and a beta of 0.47. KBR has a 52 week low of $29.94 and a 52 week high of $45.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15.
Institutional Investors Weigh In On KBR
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBR. Allworth Financial LP acquired a new stake in shares of KBR during the second quarter worth about $27,000. Anchor Investment Management LLC lifted its holdings in shares of KBR by 27.5% during the 1st quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after purchasing an additional 275 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of KBR by 48.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,570 shares of the construction company’s stock valued at $55,000 after purchasing an additional 511 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of KBR in the 2nd quarter valued at approximately $65,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of KBR by 88.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,921 shares of the construction company’s stock valued at $77,000 after purchasing an additional 904 shares during the period. Institutional investors own 97.02% of the company’s stock.
About KBR
KBR, Inc (NYSE: KBR) is a global engineering, technology and professional services company serving government and commercial customers. Its services include program management, systems engineering, mission operations, logistics, scientific research, cybersecurity, digital solutions and technical support for complex infrastructure and national security programs.
Through its government solutions business, KBR supports defense, intelligence, space, civil government and other public-sector customers.
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