KBR, Inc. (KBR) To Go Ex-Dividend on June 13th

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, May 15th, RTT News reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.165 per share by the construction company on Tuesday, July 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 13th.

KBR has increased its dividend by an average of 10.9% per year over the last three years and has raised its dividend every year for the last 6 years. KBR has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.2%.

KBR Price Performance

KBR stock opened at $56.14 on Friday. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The stock’s fifty day simple moving average is $51.54 and its 200-day simple moving average is $55.61. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Equities research analysts expect that KBR will post 3.26 EPS for the current year.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction on 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 directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.11% of the stock is owned by insiders.

Institutional Trading of KBR

Institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of KBR during the 1st quarter worth about $349,000. Royal Bank of Canada increased its holdings in shares of KBR by 11.2% during the 1st quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after purchasing an additional 8,243 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of KBR by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after buying an additional 211,311 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KBR has been the subject of a number of recent research reports. Truist Financial lowered their target price on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup dropped their price target on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. KeyCorp raised their price target on shares of KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group cut their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.86.

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.