KBR, Inc. (NYSE:KBR) was the target of some unusual options trading activity on Monday. Stock investors bought 756 put options on the stock. This is an increase of approximately 857% compared to the average daily volume of 79 put options.
Several equities research analysts have recently weighed in on the stock. TheStreet cut shares of KBR from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Alembic Global Advisors set a $24.00 price objective on shares of KBR and gave the company a “buy” rating in a research note on Monday, February 26th. Credit Suisse Group lowered shares of KBR from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $16.00 in a research report on Monday, February 26th. Citigroup dropped their price target on shares of KBR from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Finally, DA Davidson reduced their target price on shares of KBR to $17.50 and set a “neutral” rating for the company in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.50.
Shares of KBR (NYSE KBR) opened at $16.77 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.41. The company has a market cap of $2,329.86, a price-to-earnings ratio of 5.48, a P/E/G ratio of 1.37 and a beta of 1.24. KBR has a 1-year low of $13.36 and a 1-year high of $21.69.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, March 14th. KBR’s dividend payout ratio (DPR) is 10.46%.
A number of hedge funds have recently made changes to their positions in the stock. Jefferies Group LLC grew its position in KBR by 19.4% during the 4th quarter. Jefferies Group LLC now owns 23,517 shares of the construction company’s stock valued at $466,000 after purchasing an additional 3,814 shares during the last quarter. Leucadia National Corp lifted its stake in KBR by 25.6% during the 4th quarter. Leucadia National Corp now owns 19,165 shares of the construction company’s stock valued at $380,000 after acquiring an additional 3,912 shares during the period. First Trust Advisors LP lifted its stake in shares of KBR by 30.8% in the 4th quarter. First Trust Advisors LP now owns 17,326 shares of the construction company’s stock worth $344,000 after purchasing an additional 4,080 shares during the period. Strs Ohio lifted its stake in shares of KBR by 141.7% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after purchasing an additional 5,100 shares during the period. Finally, E&G Advisors LP lifted its stake in shares of KBR by 48.0% in the 3rd quarter. E&G Advisors LP now owns 18,500 shares of the construction company’s stock worth $331,000 after purchasing an additional 6,000 shares during the period. 99.99% of the stock is currently owned by institutional investors.
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KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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