KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.08 per share by the construction company on Tuesday, October 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th.
KBR has a dividend payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KBR to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.3%.
NYSE KBR opened at $25.50 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 1.27. KBR has a 1-year low of $13.90 and a 1-year high of $26.84. The business has a 50 day simple moving average of $25.46 and a two-hundred day simple moving average of $22.84. The stock has a market capitalization of $3.71 billion, a PE ratio of 16.67, a P/E/G ratio of 1.55 and a beta of 1.41.
Several research analysts have issued reports on the company. Cowen restated a “buy” rating and set a $31.00 target price on shares of KBR in a research report on Thursday, August 8th. SunTrust Banks initiated coverage on KBR in a research note on Monday, July 22nd. They set a “buy” rating and a $37.00 price target for the company. Zacks Investment Research cut KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Tuesday, July 9th. Bank of America reaffirmed a “buy” rating and issued a $30.00 price target on shares of KBR in a research note on Thursday, August 22nd. Finally, ValuEngine lowered shares of KBR from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.80.
In other KBR news, insider William Byron Jr. Bright sold 5,926 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $24.49, for a total value of $145,127.74. Following the completion of the transaction, the insider now directly owns 49,380 shares in the company, valued at $1,209,316.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 6,352 shares of company stock valued at $156,310 over the last quarter. Company insiders own 0.92% of the company’s stock.
KBR Company Profile
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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