KBR, Inc. (NYSE:KBR – Get Free Report) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.1650 per share by the construction company on Friday, January 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, December 15th.
KBR has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. KBR has a payout ratio of 15.5% meaning 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 Down 0.6%
KBR stock opened at $35.20 on Thursday. KBR has a 1-year low of $29.94 and a 1-year high of $45.37. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $4.44 billion, a PE ratio of 10.60, a P/E/G ratio of 1.91 and a beta of 0.47. The stock’s fifty day moving average is $36.51 and its two-hundred day moving average is $35.67.
Institutional Trading of KBR
Several institutional investors and hedge funds have recently made changes to their positions in KBR. Allworth Financial LP acquired a new stake in KBR during the 2nd quarter worth approximately $27,000. Anchor Investment Management LLC grew its stake in shares of KBR by 27.5% in the 1st 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 last quarter. Farther Finance Advisors LLC increased its holdings in shares of KBR by 48.3% in the third quarter. Farther Finance Advisors LLC now owns 1,570 shares of the construction company’s stock valued at $55,000 after purchasing an additional 511 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of KBR in the second quarter valued at approximately $65,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of KBR by 88.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,921 shares of the construction company’s stock worth $77,000 after purchasing an additional 904 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.
About KBR
KBR, Inc (NYSE: KBR) is a global engineering, technology and professional services company serving government and commercial customers. Its services include program management, systems engineering, mission operations, logistics, scientific research, cybersecurity, digital solutions and technical support for complex infrastructure and national security programs.
Through its government solutions business, KBR supports defense, intelligence, space, civil government and other public-sector customers.
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