KBR, Inc. (NYSE:KBR – Get Rating) announced a quarterly dividend on Thursday, May 19th, Zacks reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.12 per share by the construction company on Friday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, June 14th.
KBR has increased its dividend by an average of 11.2% per year over the last three years and has increased its dividend every year for the last 3 years. KBR has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KBR to earn $3.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 15.2%.
Shares of NYSE:KBR opened at $46.44 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $6.48 billion, a PE ratio of -61.92 and a beta of 1.28. The firm’s 50-day moving average is $51.36 and its two-hundred day moving average is $48.08. KBR has a 1 year low of $36.71 and a 1 year high of $56.94.
In other news, insider Gregory Sean Conlon sold 3,737 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $53.74, for a total value of $200,826.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Nick Kelly sold 1,661 shares of the stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $48.34, for a total value of $80,292.74. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its holdings in shares of KBR by 9,360.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 946 shares of the construction company’s stock worth $45,000 after purchasing an additional 936 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of KBR during the first quarter worth $112,000. Cadence Bank acquired a new stake in shares of KBR during the first quarter worth $200,000. Sawtooth Solutions LLC acquired a new stake in shares of KBR during the first quarter worth $222,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of KBR during the first quarter worth $261,000.
KBR has been the topic of a number of recent research reports. KeyCorp upped their target price on shares of KBR from $55.00 to $66.00 in a research note on Thursday, April 14th. StockNews.com initiated coverage on shares of KBR in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Stifel Nicolaus initiated coverage on shares of KBR in a research note on Thursday, March 17th. They set a “buy” rating on the stock. Truist Financial upped their target price on shares of KBR from $57.00 to $64.00 in a research note on Friday, March 11th. Finally, DA Davidson raised KBR from a “neutral” rating to a “buy” rating in a report on Friday, March 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, KBR presently has an average rating of “Buy” and an average target price of $55.50.
KBR Company Profile (Get Rating)
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.
- Get a free copy of the StockNews.com research report on KBR (KBR)
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