KBR, Inc. (NYSE:KBR – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,900,000 shares, an increase of 8.4% from the October 15th total of 4,520,000 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is presently 3.3 days.
KBR Price Performance
Shares of KBR traded down $0.31 during mid-day trading on Friday, hitting $51.86. The company’s stock had a trading volume of 2,020,768 shares, compared to its average volume of 1,289,436. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.97. KBR has a 1-year low of $47.70 and a 1-year high of $65.87. The firm has a market capitalization of $7.00 billion, a P/E ratio of -32.64, a P/E/G ratio of 1.39 and a beta of 1.11. The firm has a 50-day simple moving average of $57.84 and a 200 day simple moving average of $60.38.
KBR Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.54 annualized dividend and a dividend yield of 1.04%. KBR’s payout ratio is currently -34.18%.
Insider Buying and Selling at KBR
Hedge Funds Weigh In On KBR
A number of institutional investors and hedge funds have recently made changes to their positions in KBR. Prosperity Financial Group Inc. boosted its holdings in KBR by 5.3% during the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after buying an additional 215 shares in the last quarter. US Bancorp DE grew its holdings in shares of KBR by 13.1% in the 1st quarter. US Bancorp DE now owns 1,906 shares of the construction company’s stock worth $105,000 after acquiring an additional 221 shares during the period. Belpointe Asset Management LLC grew its holdings in shares of KBR by 35.5% in the 1st quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock worth $48,000 after acquiring an additional 228 shares during the period. State of Wyoming increased its stake in KBR by 3.5% in the 2nd quarter. State of Wyoming now owns 6,886 shares of the construction company’s stock valued at $448,000 after purchasing an additional 236 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in KBR by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 69,856 shares of the construction company’s stock worth $3,688,000 after purchasing an additional 287 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several analysts recently commented on KBR shares. StockNews.com downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. DA Davidson raised their price target on KBR from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 31st. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. TheStreet downgraded KBR from a “b+” rating to a “c” rating in a research note on Thursday, July 27th. Finally, Citigroup cut their price target on KBR from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, KBR has a consensus rating of “Moderate Buy” and an average target price of $69.71.
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.
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