Gregory Sean Conlon Sells 19,000 Shares of KBR, Inc. (NYSE:KBR) Stock

KBR, Inc. (NYSE:KBR - Get Free Report) insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

KBR Price Performance

NYSE:KBR traded up $0.11 during trading hours on Friday, hitting $50.15. The company's stock had a trading volume of 1,192,023 shares, compared to its average volume of 1,241,854. The stock has a fifty day simple moving average of $53.16 and a 200-day simple moving average of $59.62. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The company has a market capitalization of $6.64 billion, a P/E ratio of 21.07, a PEG ratio of 0.86 and a beta of 0.86. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

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KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This is an increase from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, March 14th. KBR's payout ratio is presently 23.57%.

Institutional Investors Weigh In On KBR

A number of hedge funds have recently added to or reduced their stakes in KBR. True Wealth Design LLC bought a new stake in KBR during the third quarter worth $26,000. UMB Bank n.a. grew its stake in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares during the period. LRI Investments LLC bought a new position in KBR in the 4th quarter worth about $31,000. First Horizon Advisors Inc. bought a new position in KBR in the 4th quarter worth about $32,000. Finally, Wilmington Savings Fund Society FSB bought a new position in KBR in the 4th quarter worth about $68,000. 97.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and an average price target of $75.88.

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.