KBR, Inc. (NYSE:KBR) Plans Quarterly Dividend of $0.15

KBR, Inc. (NYSE:KBR - Get Free Report) announced a quarterly dividend on Thursday, May 16th, Zacks reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.15 per share by the construction company on Monday, July 15th. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, June 17th.

KBR has raised its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend every year for the last 5 years. KBR has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KBR to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.5%.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.22 during midday trading on Friday, hitting $65.64. 673,427 shares of the company's stock traded hands, compared to its average volume of 1,300,972. The firm's fifty day moving average price is $63.66 and its two-hundred day moving average price is $57.59. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a twelve month low of $49.37 and a twelve month high of $68.68.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. KBR's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, sell-side analysts forecast that KBR will post 3.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on KBR. UBS Group raised their price objective on shares of KBR from $68.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday. DA Davidson upped their target price on KBR from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. StockNews.com raised KBR from a "hold" rating to a "buy" rating in a research note on Wednesday, March 20th. Truist Financial raised their target price on shares of KBR from $72.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, April 9th. Finally, KeyCorp upped their price target on shares of KBR from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $76.00.

Insider Buying and Selling

In other news, EVP Jennifer Myles sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is currently owned by company insiders.

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.