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

KBR, Inc. (NYSE:KBR - Get Free Report) CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer now owns 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

KBR Stock Down 2.6%

KBR traded down $1.29 during trading on Monday, hitting $47.64. The company had a trading volume of 2,381,703 shares, compared to its average volume of 1,368,128. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $6.18 billion, a PE ratio of 15.93, a P/E/G ratio of 0.93 and a beta of 0.78. The business has a 50-day moving average of $52.74 and a 200-day moving average of $53.48.

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

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, June 13th. KBR's payout ratio is currently 22.07%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KBR. LRI Investments LLC bought a new position in KBR during the fourth quarter worth $31,000. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the fourth quarter worth $32,000. GAMMA Investing LLC raised its holdings in shares of KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of KBR in the 1st quarter worth about $47,000. Finally, UMB Bank n.a. boosted its holdings in shares of KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after buying an additional 780 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research report on Tuesday, May 27th. Citigroup reduced their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Finally, KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, KBR currently has a consensus rating of "Moderate Buy" and an average target price 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.