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S&P 500   3,271.03 (-3.53%)
DOW   26,519.95 (-3.43%)
QQQ   271.64 (-3.90%)
AAPL   111.20 (-4.63%)
MSFT   202.68 (-4.96%)
FB   267.67 (-5.51%)
GOOGL   1,510.80 (-5.51%)
AMZN   3,162.78 (-3.76%)
TSLA   406.02 (-4.39%)
NVDA   505.08 (-5.75%)
BABA   307.94 (-2.90%)
CGC   18.34 (-1.71%)
GE   7.42 (+4.51%)
MU   50.00 (-3.77%)
AMD   76.40 (-3.14%)
T   26.50 (-1.56%)
F   7.70 (-2.78%)
ACB   3.83 (-4.25%)
GILD   58.72 (-2.15%)
NFLX   486.24 (-0.55%)
NIO   27.51 (-3.27%)
BA   148.14 (-4.57%)
DIS   118.47 (-3.93%)
S&P 500   3,271.03 (-3.53%)
DOW   26,519.95 (-3.43%)
QQQ   271.64 (-3.90%)
AAPL   111.20 (-4.63%)
MSFT   202.68 (-4.96%)
FB   267.67 (-5.51%)
GOOGL   1,510.80 (-5.51%)
AMZN   3,162.78 (-3.76%)
TSLA   406.02 (-4.39%)
NVDA   505.08 (-5.75%)
BABA   307.94 (-2.90%)
CGC   18.34 (-1.71%)
GE   7.42 (+4.51%)
MU   50.00 (-3.77%)
AMD   76.40 (-3.14%)
T   26.50 (-1.56%)
F   7.70 (-2.78%)
ACB   3.83 (-4.25%)
GILD   58.72 (-2.15%)
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BA   148.14 (-4.57%)
DIS   118.47 (-3.93%)
S&P 500   3,271.03 (-3.53%)
DOW   26,519.95 (-3.43%)
QQQ   271.64 (-3.90%)
AAPL   111.20 (-4.63%)
MSFT   202.68 (-4.96%)
FB   267.67 (-5.51%)
GOOGL   1,510.80 (-5.51%)
AMZN   3,162.78 (-3.76%)
TSLA   406.02 (-4.39%)
NVDA   505.08 (-5.75%)
BABA   307.94 (-2.90%)
CGC   18.34 (-1.71%)
GE   7.42 (+4.51%)
MU   50.00 (-3.77%)
AMD   76.40 (-3.14%)
T   26.50 (-1.56%)
F   7.70 (-2.78%)
ACB   3.83 (-4.25%)
GILD   58.72 (-2.15%)
NFLX   486.24 (-0.55%)
NIO   27.51 (-3.27%)
BA   148.14 (-4.57%)
DIS   118.47 (-3.93%)
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Short Interest in KBR, Inc. (NYSE:KBR) Declines By 27.4%

Last updated on Saturday, October 17, 2020 | 2020 MarketBeat

KBR, Inc. (NYSE:KBR) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 5,300,000 shares, a decline of 27.4% from the September 15th total of 7,300,000 shares. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.8% of the company's shares are sold short.

Several research analysts have recently weighed in on the stock. Credit Suisse Group reissued a "buy" rating and set a $32.00 price target on shares of KBR in a research report on Wednesday, July 29th. ValuEngine upgraded shares of KBR from a "sell" rating to a "hold" rating in a report on Thursday, July 9th. Finally, Zacks Investment Research lowered shares of KBR from a "hold" rating to a "strong sell" rating and set a $19.00 price objective on the stock. in a report on Monday, July 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. KBR has an average rating of "Buy" and a consensus target price of $28.60.

In other news, insider William Byron Jr. Bright sold 2,432 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $24.11, for a total transaction of $58,635.52. Following the transaction, the insider now owns 52,975 shares of the company's stock, valued at approximately $1,277,227.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.97% of the company's stock.

A number of large investors have recently modified their holdings of the business. Brandywine Oak Private Wealth LLC purchased a new stake in KBR during the third quarter worth about $200,000. Envestnet Asset Management Inc. increased its stake in KBR by 15.8% during the third quarter. Envestnet Asset Management Inc. now owns 33,045 shares of the construction company's stock worth $739,000 after purchasing an additional 4,510 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of KBR during the third quarter worth about $264,000. Wedge Capital Management L L P NC grew its position in shares of KBR by 0.5% during the third quarter. Wedge Capital Management L L P NC now owns 492,854 shares of the construction company's stock worth $11,020,000 after buying an additional 2,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of KBR during the third quarter worth about $3,480,000.

NYSE:KBR traded up $0.43 on Friday, reaching $24.92. 783,244 shares of the company's stock were exchanged, compared to its average volume of 1,618,140. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -113.27 and a beta of 1.32. The business has a fifty day moving average of $23.91 and a 200-day moving average of $22.53. KBR has a 52-week low of $12.00 and a 52-week high of $31.92.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, August 6th. The construction company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.02. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. KBR had a negative net margin of 0.50% and a positive return on equity of 13.83%. As a group, equities analysts anticipate that KBR will post 1.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, December 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. KBR's dividend payout ratio (DPR) is presently 23.67%.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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12 Cheap Dividend Stocks to Buy Today

While COVID-19 was a suckerpunch to the stock market earlier in the year, the stock market is roaring back.  The Dow is hovering around 27,000 and the S&P 500 is trading near 3,200. S&P 500 stocks are trading at nearly 23 times their annual earnings, still well above historical norms.

At the same time, interest rates are near all-time lows (and probably dipping even lower). 10-year Treasuries are yielding just 0.9% and collectively S&P 500 stocks are yielding under 2%. Some investors think that it's too challenging to find safe and affordable securities that pay 4%, 5%, and even 6% yields.

Searching for yield isn't easy in an environment where historically high asset prices and stimulus from the Fed have driven down yields. This doesn't leave many options for investors looking for retirement income or a decent dividend yield on their stocks, but there are a handful of cheap dividend stocks to buy that are still yielding 3-6%. 

Let's review some of the best cheap dividend stocks in the market today in this slideshow.

View the "12 Cheap Dividend Stocks to Buy Today".

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