Stifel Nicolaus Increases KBR (NYSE:KBR) Price Target to $83.00

KBR (NYSE:KBR) had its price target upped by Stifel Nicolaus from $80.00 to $83.00 in a report issued on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on KBR. Truist Financial raised their price target on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. KeyCorp raised their target price on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday, February 21st. Citigroup raised their target price on shares of KBR from $66.00 to $72.00 and gave the stock a buy rating in a research report on Monday. StockNews.com raised shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Finally, UBS Group decreased their target price on shares of KBR from $65.00 to $63.00 and set a buy rating on the stock in a research report on Friday, February 2nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR presently has a consensus rating of Buy and a consensus price target of $73.43.

KBR Price Performance

KBR stock opened at $64.20 on Tuesday. KBR has a 12-month low of $49.37 and a 12-month high of $65.87. The stock has a market capitalization of $8.64 billion, a P/E ratio of -31.32, a P/E/G ratio of 1.33 and a beta of 0.95. The firm’s 50-day moving average is $61.18 and its two-hundred day moving average is $56.81. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts predict that KBR will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.93%. KBR’s dividend payout ratio (DPR) is presently -29.27%.

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of KBR during the fourth quarter valued at approximately $77,193,000. Schonfeld Strategic Advisors LLC raised its stake in shares of KBR by 1,313.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock valued at $27,294,000 after purchasing an additional 430,318 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of KBR by 344.6% during the third quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock valued at $32,155,000 after purchasing an additional 422,856 shares during the period. Freshford Capital Management LLC raised its stake in shares of KBR by 55.5% during the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after purchasing an additional 344,800 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of KBR by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock valued at $170,915,000 after purchasing an additional 331,749 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.