KBR, Inc. (NYSE:KBR – Get Rating) CEO Stuart Bradie sold 2,387 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $59.51, for a total value of $142,050.37. Following the sale, the chief executive officer now directly owns 669,639 shares of the company’s stock, valued at $39,850,216.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
KBR Trading Up 0.1 %
Shares of KBR stock opened at $58.92 on Tuesday. KBR, Inc. has a fifty-two week low of $41.96 and a fifty-two week high of $59.99. The stock has a market cap of $8.00 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.44 and a beta of 1.14. The business has a fifty day simple moving average of $56.07 and a 200-day simple moving average of $53.36. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.83.
KBR (NYSE:KBR – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. KBR had a return on equity of 26.13% and a net margin of 5.30%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts forecast that KBR, Inc. will post 2.89 earnings per share for the current fiscal year.
KBR Announces Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on KBR shares. DA Davidson increased their price target on KBR from $60.00 to $70.00 in a report on Tuesday, February 21st. Cowen increased their price objective on KBR from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. StockNews.com started coverage on KBR in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Citigroup increased their price objective on KBR from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $66.33.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Putnam Investments LLC increased its position in shares of KBR by 2.8% in the first quarter. Putnam Investments LLC now owns 278,478 shares of the construction company’s stock valued at $15,330,000 after buying an additional 7,643 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of KBR during the first quarter valued at $129,000. Advisory Services Network LLC boosted its stake in shares of KBR by 25.8% during the first quarter. Advisory Services Network LLC now owns 6,106 shares of the construction company’s stock valued at $336,000 after acquiring an additional 1,253 shares during the last quarter. Snyder Capital Management L P boosted its stake in shares of KBR by 2.5% during the first quarter. Snyder Capital Management L P now owns 3,073,508 shares of the construction company’s stock valued at $169,197,000 after acquiring an additional 73,594 shares during the last quarter. Finally, Snowden Capital Advisors LLC acquired a new stake in shares of KBR during the first quarter valued at $203,000.
KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.
- Get a free copy of the StockNews.com research report on KBR (KBR)
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