Short interest in KBR, Inc. (NYSE: KBR) significantly decreased in November. As of November 15, 4,040,000 shares were shorted, a 15.1% decrease from 4,760,000 shares on October 31. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is currently 3.3 days.
KBR (NYSE: KBR) reported its quarterly earnings on Wednesday, October 26. The construction company reported $0.65 in quarterly profits per share, $0.02 over the $0.63 average projection. The company’s revenue for the quarter was $1.63 billion, as opposed to analysts’ projections of $1.64 billion. KBR achieved a return on equity of 25.09% and a net margin of 2.21%. All market analysts predict that KBR will produce 2.63 EPS this year.
NYSE: KBR shares climbed $1.54 on Friday to reach $53.38. More than the 865,854 average volume, 1,071,157 shares of the company’s stock were exchanged. The business has a $7.32 billion market value, a price-to-earnings ratio of 50.84, and a beta of 1.26. Simple moving averages for the company’s 50-day and 200-day periods are $48.38 and $48.12, respectively. The debt-to-equity ratio, quick ratio, and current ratio for the company are each 1.10, respectively. KBR’s 52-week high price is $56.94, while its 52-week low price is $41.77.
Several research firms have recently provided KBR with feedback. In a research note published on October 27, DA Davidson cut their price objective for KBR to $60.00. KBR was given an “outperform” rating by Credit Suisse Group, which also raised its price target for the stock from $63.00 to $65.00 in a research report released on October 27. Bank of America confirmed its “buy” rating and set a $65.00 price objective on shares of KBR in a research note released on Friday. In a research report published on Wednesday, StockNews.com changed its recommendation for KBR from “hold” to “buy.” KBR now has a consensus target price of $63.33 and an average recommendation of “Buy,” according to data from Bloomberg.com. The stock has been rated as a buy by six analysts.
The company also announced a quarterly dividend that will be paid on January 13. On December 15, shareholders of record will get a $0.12 dividend. This equals an annual dividend yield of 0.90 percent, or $0.48. The ex-dividend date for this dividend is December 14, a Wednesday. KBR has a dividend payout ratio of 45.71%. (D).
Additionally, insider Douglas Nick Kelly sold 3,456 KBR stock on November 28. At an average price of $51.35, the stock was sold for a total transaction value of $177,465.60. After the transaction, the insider owns 31,638 company shares worth $1,624,611.30. To access the SEC filing where the transaction was disclosed, go to this URL. Company insiders hold 0.91% of the shares.
