Mark Sopp, an EVP and CFO at KBR Inc (KBR), recently picked up 2,150 shares. The buy increased his holdings by just under 2 percent, and came to a total purchase price of just under $101,000.
This marks the second buy from this CFO in the past six months. Over the past three years, company insiders have been more likely to be sellers than buyers.
Overall, company insiders own about 1 percent of shares.
The engineering company has seen shares rise about 13 percent in the past year. While the company hasn’t been profitable overall, revenue is up about 17 percent, and shares trade at less than 18 times forward earnings.
The stock has been in a steady uptrend overall in the past year, but has pulled back sharply in recent weeks.
Action to take: The company’s contracts likely make it a steady player, even in an uncertain economy, so shares could continue higher from here. Shares also yield just over 1 percent here, and the company has a history of modest dividend growth.
Shares look set to continue their long-term uptrend. Traders may like the September $55 calls. Last going with a spread of about $1.15, they can likely deliver mid-to-high double-digit growth in the months ahead before expiration.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.