KBR Inc. (NYSE:KBR) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,011,932 shares, a decline of 42.3% from the August 15th total of 1,752,361 shares. Based on an average trading volume of 1,204,298 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the company’s shares are short sold.
A number of brokerages recently weighed in on KBR. MKM Partners set a $16.00 price objective on shares of KBR and gave the company a “hold” rating in a report on Tuesday, September 13th. Janney Montgomery Scott restated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. DA Davidson set a $20.00 price objective on shares of KBR and gave the company a “buy” rating in a report on Monday, August 15th. Zacks Investment Research cut shares of KBR from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price objective for the company in a report on Monday, July 25th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.93.
Shares of KBR (NYSE:KBR) opened at 14.45 on Tuesday. KBR has a 12 month low of $11.61 and a 12 month high of $19.94. The stock’s 50 day moving average is $15.01 and its 200 day moving average is $14.63. The stock has a market cap of $2.06 billion, a P/E ratio of 11.20 and a beta of 1.65.
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KBR (NYSE:KBR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company’s revenue was down 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. Analysts predict that KBR will post $1.34 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a yield of 2.21%. KBR’s payout ratio is 24.81%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new position in KBR during the first quarter valued at approximately $317,000. State Street Corp raised its position in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock valued at $64,246,000 after buying an additional 288,260 shares during the last quarter. M&T Bank Corp acquired a new position in KBR during the first quarter valued at approximately $187,000. Menta Capital LLC acquired a new position in KBR during the first quarter valued at approximately $311,000. Finally, TimesSquare Capital Management LLC raised its position in KBR by 3.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,521,915 shares of the company’s stock valued at $23,559,000 after buying an additional 54,330 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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