KBR, Inc. (NYSE:KBR) CEO Stuart Bradie Sells 20,000 Shares

KBR, Inc. (NYSE:KBR - Get Free Report) CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the sale, the chief executive officer now directly owns 802,361 shares of the company's stock, valued at $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

KBR Stock Performance

Shares of NYSE KBR traded down $3.83 during midday trading on Friday, reaching $48.96. The company's stock had a trading volume of 5,150,045 shares, compared to its average volume of 1,364,174. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The firm has a 50 day moving average price of $52.76 and a 200-day moving average price of $53.66. The stock has a market capitalization of $6.35 billion, a P/E ratio of 16.37, a PEG ratio of 1.00 and a beta of 0.77. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The company's revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.35%. KBR's payout ratio is presently 22.07%.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently modified their holdings of the business. Voya Investment Management LLC lifted its stake in KBR by 1.2% in the first quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company's stock valued at $1,001,000 after purchasing an additional 241 shares during the last quarter. Intech Investment Management LLC lifted its stake in KBR by 39.1% in the first quarter. Intech Investment Management LLC now owns 220,446 shares of the construction company's stock valued at $10,980,000 after purchasing an additional 61,937 shares during the last quarter. Bayforest Capital Ltd lifted its stake in KBR by 158.9% in the first quarter. Bayforest Capital Ltd now owns 6,107 shares of the construction company's stock valued at $304,000 after purchasing an additional 3,748 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in KBR by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company's stock valued at $19,704,000 after purchasing an additional 23,738 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in KBR in the first quarter valued at approximately $349,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research note on Tuesday, May 27th. Truist Financial cut their price target on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp lifted their price target on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Citigroup cut their price target on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.57.

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.

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