Insider Buying: KBR, Inc. (NYSE:KBR) CFO Buys 1,100 Shares of Stock

KBR, Inc. (NYSE:KBRGet Rating) CFO Mark W. Sopp acquired 1,100 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were purchased at an average cost of $45.99 per share, with a total value of $50,589.00. Following the transaction, the chief financial officer now directly owns 117,447 shares of the company’s stock, valued at $5,401,387.53. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of KBR traded up $0.94 during trading hours on Monday, reaching $47.38. The stock had a trading volume of 1,640,674 shares, compared to its average volume of 1,559,478. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of -63.17 and a beta of 1.28. The firm has a 50-day simple moving average of $51.36 and a 200 day simple moving average of $48.17. KBR, Inc. has a 12 month low of $36.71 and a 12 month high of $56.94. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19.

KBR (NYSE:KBRGet Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. KBR had a positive return on equity of 23.14% and a negative net margin of 1.32%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. On average, equities analysts forecast that KBR, Inc. will post 2.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. KBR’s dividend payout ratio (DPR) is presently -64.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sawtooth Solutions LLC bought a new stake in KBR in the first quarter worth $222,000. Sawgrass Asset Management LLC purchased a new stake in shares of KBR in the first quarter worth approximately $263,000. Weiss Multi Strategy Advisers LLC increased its holdings in KBR by 452.5% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 130,458 shares of the construction company’s stock worth $7,140,000 after purchasing an additional 106,845 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of KBR in the 1st quarter valued at $261,000. Finally, Snyder Capital Management L P boosted its position in shares of KBR by 1.6% in the 1st quarter. Snyder Capital Management L P now owns 2,432,587 shares of the construction company’s stock worth $133,135,000 after purchasing an additional 37,414 shares in the last quarter.

Several brokerages have commented on KBR. Stifel Nicolaus initiated coverage on KBR in a research note on Thursday, March 17th. They set a “buy” rating for the company. KeyCorp increased their target price on shares of KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. StockNews.com began coverage on shares of KBR in a research report on Thursday, March 31st. They set a “hold” rating for the company. DA Davidson raised shares of KBR from a “neutral” rating to a “buy” rating in a research report on Friday, March 4th. Finally, Truist Financial increased their target price on shares of KBR from $57.00 to $64.00 in a research report on Friday, March 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $55.50.

About KBR (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.

Read More

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.