KBR Inc. (KBR) Becoming More Attractive for Investors

KBR Inc.’s recently made public that its President Gov’t Solutions US Bright William Byron Jr. unloaded Company’s shares for reported $1.21 million on Aug 11. In the deal valued at $60.68 per share,20,000 shares were sold. As a result of this transaction, Bright William Byron Jr. now holds 57,986 shares worth roughly $ 3.55 million.

Then, Myles Jennifer sold 480 shares, generating $31,354 in total proceeds. Upon selling the shares at $65.32, the EVP, Chief People Officer now owns 14,520 shares.

Before that, Bradie Stuart sold 119,889 shares. KBR Inc. shares valued at $7,338,118 were divested by the President and CEO at a price of $61.21 per share. As a result of the transaction, Bradie Stuart now holds 669,639 shares, worth roughly $40.98 million.

PT values the company’s stock at a premium of 5.86 to its Monday closing price.

Price Performance Review of KBR

On Monday, KBR Inc. [NYSE:KBR] saw its stock jump 0.25% to $61.19. On the same session, the stock had its day’s lowest price of $60.96, but rose to a high of $61.965. Over the last five days, the stock has gained 1.01%. KBR Inc. shares have risen nearly 15.89% since the year began. Nevertheless, the stocks have risen 18.72% over the past one year. While a 52-week high of $65.87 was reached on 07/18/23, a 52-week low of $41.96 was recorded on 01/19/23. SMA at 50 days reached $62.78, while 200 days put it at $56.44. A total of 1.49 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For KBR Stock

The 24-hour chart illustrates a support level at 60.78, which if violated will result in even more drops to 60.37. On the upside, there is a resistance level at 61.78. A further resistance level may holdings at 62.38. The Relative Strength Index (RSI) on the 14-day chart is 48.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.11%. Stochastics %K at 70.33% indicates the stock is a holding.

How much short interest is there in KBR Inc.?

A steep rise in short interest was recorded in KBR Inc. stocks on Aug 14, 2023, dropping by -0.7 million shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.18 million shares. There was a decline of -15.62%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.14.

KBR Inc. [KBR] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 17,437,494 shares, or roughly 12.93% of the outstanding KBR shares. In other words, the investor’s shares have risen by 4,833,606 from its previous 13-F filing of 12603888.0. Additionally, The Vanguard Group, Inc. decreased -0.97% of its stake after which the total value it holdings stand at $793,464,500, while BlackRock Fund Advisors reduced -4.10% of its stake to hold $687.97 million in the firm. Over the last quarter, Massachusetts Financial Services sold -439,520 shares of KBR Inc., while Invesco Advisers, Inc. sold 48,770 shares. At present, Frontier Capital Management Co. L is holding 4,253,485 shares valued at $261.55 million. SSgA Funds Management, Inc. owned 3,753,773 shares of the company at the time of its most recent 13F filing, worth $230.82 million.

According to FactSet, KBR Inc.’s share price will average $74.09 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.87 percent from its previous closing price of $61.04. Analysts expect KBR Inc. stock to reach the higher price of $75.00, while the lowest price estimate is $71.00. However, 12 analysts have rated KBR stock as a Buy in their predictions for 2023.