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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