KBR, Inc. (NYSE:KBR – Get Free Report) announced a quarterly dividend on Wednesday, August 19th. Shareholders 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) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 15th.
KBR has increased its dividend payment by an average of 0.1%annually 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 analysts expect KBR to earn $4.14 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 Price Performance
Shares of NYSE KBR opened at $37.96 on Thursday. The company’s fifty day moving average is $35.82 and its two-hundred day moving average is $36.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $4.79 billion, a P/E ratio of 11.43, a PEG ratio of 2.04 and a beta of 0.44. KBR has a one year low of $29.94 and a one year high of $52.23.
Institutional Trading of KBR
A number of hedge funds have recently added to or reduced their stakes in KBR. Farther Finance Advisors LLC increased its stake in shares of KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after acquiring an additional 289 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of KBR in the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in shares of KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after acquiring an additional 493 shares during the last quarter. Anchor Investment Management LLC grew its holdings in KBR by 27.5% in the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after purchasing an additional 275 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in KBR by 101,600.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,016 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.
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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