KBR (NYSE:KBR) Stock Price Down 6.5% – Time to Sell?

Shares of KBR, Inc. (NYSE:KBR) fell 6.5% on Thursday . The stock traded as low as $64.90 and last traded at $65.44. 753,467 shares changed hands during trading, a decline of 32% from the average session volume of 1,109,433 shares. The stock had previously closed at $69.97.

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of research reports. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp raised their price target on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. DA Davidson boosted their price objective on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup raised their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.14.

KBR Trading Down 2.5 %

The business has a 50 day moving average of $66.43 and a two-hundred day moving average of $65.80. The firm has a market cap of $7.81 billion, a P/E ratio of 24.64, a PEG ratio of 1.39 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted $0.75 EPS. KBR’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is 25.21%.

Insider Buying and Selling

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’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 transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This trade represents a 24.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.

Institutional Trading of KBR

A number of institutional investors have recently bought and sold shares of KBR. State Board of Administration of Florida Retirement System boosted its stake in shares of KBR by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 87,941 shares of the construction company’s stock valued at $5,598,000 after buying an additional 3,800 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of KBR by 4.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,027 shares of the construction company’s stock worth $1,084,000 after purchasing an additional 686 shares in the last quarter. Natixis bought a new position in shares of KBR in the first quarter worth $7,353,000. MQS Management LLC acquired a new position in KBR in the first quarter valued at about $210,000. Finally, Cloverfields Capital Group LP lifted its position in KBR by 369.3% during the first quarter. Cloverfields Capital Group LP now owns 80,820 shares of the construction company’s stock worth $5,145,000 after purchasing an additional 63,599 shares during the period. Institutional investors own 97.02% of the company’s stock.

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.