Jalal Ibrahim Sells 35,000 Shares of KBR, Inc. (NYSE:KBR) Stock

KBR, Inc. (NYSE:KBR) insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

KBR Stock Up 0.7 %

Shares of NYSE:KBR opened at $66.74 on Thursday. The company has a market cap of $8.96 billion, a price-to-earnings ratio of -34.76, a PEG ratio of 1.36 and a beta of 0.90. The firm’s 50-day simple moving average is $65.00 and its 200-day simple moving average is $63.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $69.37.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. As a group, equities research analysts predict that KBR, Inc. will post 3.24 earnings per share for the current year.

Institutional Trading of KBR

A number of institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in KBR during the first quarter worth about $25,000. Larson Financial Group LLC increased its position in KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC increased its position in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares during the last quarter. Quarry LP increased its position in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in KBR during the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

KBR has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. UBS Group lifted their price objective on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Stifel Nicolaus lifted their price objective on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $76.00.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It 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.