KBR, Inc. (NYSE:KBR) Short Interest Down 11.1% in September

KBR, Inc. (NYSE:KBR) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,520,000 shares, a decrease of 11.1% from the September 15th total of 1,710,000 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 922,000 shares, the short-interest ratio is currently 1.6 days.

Insider Buying and Selling at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of KBR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after acquiring an additional 52,679 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after purchasing an additional 520,207 shares during the period. Wolf Hill Capital Management LP raised its holdings in shares of KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock valued at $120,423,000 after purchasing an additional 507,800 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of KBR by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after purchasing an additional 113,140 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of KBR by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock valued at $113,331,000 after purchasing an additional 196,693 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Up 1.2 %

KBR traded up $0.80 during trading hours on Wednesday, reaching $68.67. 1,035,749 shares of the company’s stock traded hands, compared to its average volume of 1,098,088. The firm has a 50-day moving average price of $65.54 and a 200 day moving average price of $65.10. The firm has a market capitalization of $9.22 billion, a PE ratio of -35.80, a PEG ratio of 1.40 and a beta of 0.90. 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 has a 52-week low of $49.37 and a 52-week high of $69.77.

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. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. As a group, sell-side analysts predict that KBR will post 3.25 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 0.87%. KBR’s payout ratio is currently -31.25%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KBR. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. KeyCorp boosted their target price on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.75.

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.