KBR, Inc. (NYSE:KBR) Given Average Rating of “Moderate Buy” by Brokerages

KBR, Inc. (NYSE:KBRGet Rating) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $64.00.

KBR has been the subject of a number of research reports. Bank of America reissued a “buy” rating and set a $65.00 price target on shares of KBR in a research report on Friday, December 2nd. StockNews.com downgraded KBR from a “buy” rating to a “hold” rating in a research report on Friday, December 16th. Credit Suisse Group boosted their price target on KBR from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 27th. Truist Financial boosted their price target on KBR from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Finally, DA Davidson decreased their target price on KBR to $60.00 in a research report on Thursday, October 27th.

Insider Transactions at KBR

In related news, insider Douglas Nick Kelly sold 3,456 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $51.35, for a total value of $177,465.60. Following the completion of the transaction, the insider now owns 31,638 shares of the company’s stock, valued at $1,624,611.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Jennifer Myles sold 1,449 shares of the stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $50.36, for a total value of $72,971.64. Following the completion of the transaction, the executive vice president now owns 49,236 shares of the company’s stock, valued at $2,479,524.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Nick Kelly sold 3,456 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $51.35, for a total value of $177,465.60. Following the completion of the transaction, the insider now directly owns 31,638 shares of the company’s stock, valued at approximately $1,624,611.30. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Institutional Trading of KBR

Several institutional investors and hedge funds have recently bought and sold shares of KBR. Fred Alger Management LLC acquired a new stake in KBR during the third quarter valued at approximately $36,000. Atlas Capital Advisors LLC acquired a new stake in KBR during the second quarter valued at approximately $53,000. Ronald Blue Trust Inc. raised its stake in KBR by 394.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,534 shares of the construction company’s stock valued at $74,000 after buying an additional 1,224 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in KBR during the third quarter valued at approximately $78,000. Finally, IFP Advisors Inc raised its stake in KBR by 21.5% during the third quarter. IFP Advisors Inc now owns 5,354 shares of the construction company’s stock valued at $103,000 after buying an additional 949 shares in the last quarter.

KBR Stock Performance

KBR stock opened at $51.21 on Friday. The firm has a market capitalization of $7.03 billion, a P/E ratio of 48.77 and a beta of 1.23. The stock has a fifty day moving average price of $51.33 and a 200 day moving average price of $49.60. KBR has a 52 week low of $41.77 and a 52 week high of $56.94. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10.

KBR (NYSE:KBRGet Rating) last released its earnings results on Wednesday, October 26th. The construction company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. KBR had a return on equity of 25.09% and a net margin of 2.21%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Equities research analysts anticipate that KBR will post 2.63 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, December 14th. KBR’s payout ratio is 45.71%.

KBR Company Profile

(Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

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Analyst Recommendations for KBR (NYSE:KBR)

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