KBR (NYSE:KBR) Stock Price Down 5.8%

Shares of KBR, Inc. (NYSE:KBR) traded down 5.8% during trading on Friday . The stock traded as low as $62.53 and last traded at $62.58. 339,371 shares traded hands during trading, a decline of 69% from the average session volume of 1,110,436 shares. The stock had previously closed at $66.40.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KBR shares. UBS Group boosted their target price on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Stifel Nicolaus upped their target price on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, KBR has an average rating of “Moderate Buy” and a consensus price target of $75.50.

KBR Trading Down 6.5 %

The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s fifty day moving average is $65.87 and its two-hundred day moving average is $64.22. The firm has a market capitalization of $8.34 billion, a PE ratio of -32.59, a PEG ratio of 1.43 and a beta of 0.90.

KBR (NYSE:KBR) last released its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, equities analysts predict that KBR, Inc. will post 3.24 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, September 16th. KBR’s dividend payout ratio is -31.25%.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its stake in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares during the period. CWM LLC increased its holdings in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the period. Harbour Capital Advisors LLC boosted its holdings in KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares during the period. Coldstream Capital Management Inc. grew its position in shares of KBR by 0.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 37,473 shares of the construction company’s stock valued at $2,076,000 after purchasing an additional 293 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after purchasing an additional 316 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.