KBR, Inc. (NYSE:KBR) Receives Average Recommendation of “Moderate Buy” from Brokerages

KBR, Inc. (NYSE:KBR) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $75.88.

Several research analysts have recently weighed in on KBR shares. KeyCorp decreased their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th.

KBR Stock Performance

KBR stock opened at $51.36 on Tuesday. The firm has a market cap of $6.80 billion, a PE ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The business has a 50 day moving average of $53.00 and a 200-day moving average of $59.46. KBR has a 12-month low of $47.16 and a 12-month high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, sell-side analysts expect that KBR will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.28%. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is presently 23.57%.

Insider Buying and Selling

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On KBR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. grew its holdings in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares during the period. LRI Investments LLC bought a new position in shares of KBR during the fourth quarter valued at approximately $31,000. First Horizon Advisors Inc. purchased a new position in shares of KBR during the fourth quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of KBR in the 4th quarter worth approximately $68,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.