KBR, Inc. (NYSE:KBR – Get Free Report) announced a quarterly dividend on Wednesday, August 19th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.165 per share by the construction company on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 15th.
KBR has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. KBR has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KBR to earn $4.15 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 15.9%.
KBR Stock Up 0.4%
NYSE KBR opened at $36.58 on Friday. The stock’s 50 day simple moving average is $36.89 and its 200 day simple moving average is $36.26. KBR has a one year low of $29.94 and a one year high of $52.23. The firm has a market cap of $4.61 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.98 and a beta of 0.44. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15.
Institutional Trading of KBR
A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after buying an additional 493 shares in the last quarter. Allworth Financial LP acquired a new position in KBR in the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its holdings in KBR by 101,600.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock valued at $48,000 after acquiring an additional 1,016 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of KBR by 98.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after acquiring an additional 608 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of KBR during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 97.02% of the company’s stock.
KBR Company Profile
KBR, Inc is a global technology, engineering, and government services company headquartered in Houston, Texas. The company provides solutions for government and commercial customers in areas including defense, space, intelligence, energy, chemicals, infrastructure, and industrial services.
Through its Government Solutions segment, KBR supports defense and intelligence missions, NASA and other space programs, logistics, science and research, cybersecurity, and other critical government operations.
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