KBR, Inc. (NYSE:KBR – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 15th will be given a dividend of 0.165 per share by the construction company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th.
KBR has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. KBR has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $4.35 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 15.2%.
KBR Price Performance
KBR stock opened at $35.87 on Friday. The stock has a market cap of $4.55 billion, a PE ratio of 11.46, a P/E/G ratio of 2.11 and a beta of 0.44. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. KBR has a 12 month low of $29.94 and a 12 month high of $54.38. The company has a 50-day moving average price of $35.03 and a 200 day moving average price of $39.12.
Insider Buying and Selling at KBR
In other KBR news, CFO Shad E. Evans acquired 8,375 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $30.60 per share, for a total transaction of $256,275.00. Following the completion of the purchase, the chief financial officer owned 43,725 shares in the company, valued at approximately $1,337,985. This trade represents a 23.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jack B. Moore acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $31.44 per share, for a total transaction of $125,760.00. Following the completion of the purchase, the director owned 54,352 shares of the company’s stock, valued at approximately $1,708,826.88. This represents a 7.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 29,875 shares of company stock valued at $945,160 in the last ninety days. Company insiders own 1.15% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of KBR by 3.5% during the 4th quarter. Invesco Ltd. now owns 5,736,873 shares of the construction company’s stock worth $230,622,000 after acquiring an additional 192,383 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of KBR by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,806,715 shares of the construction company’s stock worth $112,834,000 after acquiring an additional 255,948 shares in the last quarter. Morgan Stanley raised its stake in shares of KBR by 343.5% during the 4th quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock worth $110,494,000 after acquiring an additional 2,128,895 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of KBR by 12.4% during the 4th quarter. Neuberger Berman Group LLC now owns 2,587,375 shares of the construction company’s stock worth $104,046,000 after acquiring an additional 284,907 shares in the last quarter. Finally, Snyder Capital Management L P raised its stake in shares of KBR by 1.4% during the 4th quarter. Snyder Capital Management L P now owns 2,496,913 shares of the construction company’s stock worth $100,376,000 after acquiring an additional 34,495 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.
About KBR
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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