Traders Sell KBR, Inc. (KBR) on Strength (KBR)
Traders sold shares of KBR, Inc. (NYSE:KBR) on strength during trading hours on Tuesday. $4.26 million flowed into the stock on the tick-up and $23.61 million flowed out of the stock on the tick-down, for a money net flow of $19.35 million out of the stock. Of all stocks tracked, KBR had the 21st highest net out-flow for the day. KBR traded up $0.12 for the day and closed at $16.55
KBR has been the subject of several recent analyst reports. BidaskClub lowered KBR from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. TheStreet raised KBR from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Finally, KeyCorp set a $20.00 target price on KBR and gave the company a “buy” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. KBR currently has an average rating of “Hold” and a consensus price target of $18.40.
The firm’s 50-day moving average is $15.62 and its 200 day moving average is $15.03. The stock’s market capitalization is $2.32 billion.
KBR (NYSE:KBR) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that KBR, Inc. will post $1.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio (DPR) is presently -128.00%.
Large investors have recently bought and sold shares of the business. 1060 Capital LLC bought a new stake in KBR in the 1st quarter worth approximately $19,915,000. UBS Asset Management Americas Inc. grew its position in KBR by 15.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock worth $2,056,000 after purchasing an additional 18,489 shares during the period. State Treasurer State of Michigan grew its position in KBR by 1.2% in the 1st quarter. State Treasurer State of Michigan now owns 58,042 shares of the construction company’s stock worth $872,000 after purchasing an additional 700 shares during the period. BlueCrest Capital Management Ltd bought a new stake in KBR in the 1st quarter worth approximately $267,000. Finally, Alpha Windward LLC bought a new stake in KBR in the 2nd quarter worth approximately $461,000. 99.74% of the stock is owned by institutional investors and hedge funds.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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