KBR, Inc. (NYSE:KBR) Sees Significant Decrease in Short Interest

KBR, Inc. (NYSE:KBR - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 3,000,000 shares, a decrease of 18.7% from the March 15th total of 3,690,000 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 1.8 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Truist Financial cut their price target on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. TD Cowen cut their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup dropped their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.13.

Insider Transactions at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now owns 63,533 shares of the company's stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On KBR

Several institutional investors have recently modified their holdings of KBR. Boston Partners raised its position in KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares during the last quarter. Norges Bank purchased a new stake in shares of KBR in the fourth quarter valued at $104,033,000. Bank of New York Mellon Corp increased its position in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Wellington Management Group LLP raised its stake in KBR by 240.2% in the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock valued at $95,776,000 after purchasing an additional 1,167,282 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in KBR by 444.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after purchasing an additional 1,018,539 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Up 3.4 %

NYSE KBR traded up $1.77 during trading on Thursday, reaching $53.52. 1,439,053 shares of the company's stock were exchanged, compared to its average volume of 1,307,008. The stock has a market cap of $6.94 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a 50 day moving average price of $50.20 and a two-hundred day moving average price of $57.20.

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

KBR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.23%. KBR's dividend payout ratio (DPR) is 23.57%.

About KBR

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.