KBR (NYSE:KBR) Downgraded by StockNews.com

StockNews.com downgraded shares of KBR (NYSE:KBR) from a strong-buy rating to a buy rating in a report issued on Sunday.

Several other research analysts have also recently weighed in on KBR. DA Davidson reissued a buy rating and issued a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. TD Cowen cut KBR from a buy rating to a hold rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, KBR currently has an average rating of Moderate Buy and an average target price of $76.75.

KBR Trading Down 0.1 %

Shares of KBR stock opened at $68.26 on Friday. The stock has a fifty day simple moving average of $65.21 and a 200 day simple moving average of $64.92. KBR has a 12-month low of $49.37 and a 12-month high of $69.50. The company has a market capitalization of $9.17 billion, a P/E ratio of -35.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, sell-side analysts anticipate that KBR will post 3.25 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. KBR’s dividend payout ratio (DPR) is -31.25%.

Insider Buying and Selling

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KBR

A number of institutional investors have recently added to or reduced their stakes in KBR. Rise Advisors LLC bought a new position in shares of KBR during the 1st quarter valued at about $25,000. Larson Financial Group LLC increased its position in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC increased its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Quarry LP increased its position in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

About KBR

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.