Insider Selling: KBR, Inc. (NYSE:KBR) Insider Sells $2,329,600.00 in Stock

KBR, Inc. (NYSE:KBR) insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now owns 106,550 shares in the company, valued at $7,091,968. The sale was disclosed in a filing with the SEC, which is available at this link.

KBR Stock Performance

KBR stock opened at $66.71 on Friday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $69.37. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of -34.74, a PEG ratio of 1.36 and a beta of 0.90. The business’s fifty day simple moving average is $65.05 and its two-hundred day simple moving average is $63.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Analysts predict that KBR, Inc. will post 3.24 earnings per share for the current year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, September 16th. KBR’s dividend payout ratio is presently -31.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KBR. Rise Advisors LLC bought a new stake in KBR during the 1st quarter valued at $25,000. Larson Financial Group LLC raised its holdings in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC grew its holdings in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares in the last quarter. Quarry LP increased its position in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of KBR in the 4th quarter valued at about $64,000. Institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KBR. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. Stifel Nicolaus lifted their price objective on shares of KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, UBS Group increased their target price on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, KBR currently has an average rating of “Buy” and a consensus target price of $76.00.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It 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.