KBR, Inc. (NYSE:KBR) CEO Stuart Bradie Sells 2,387 Shares

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

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, June 14th. KBR’s dividend payout ratio is currently 23.68%.

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.

About KBR

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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.