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

Shares of KBR, Inc. (NYSE:KBR) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $73.86.

A number of equities research analysts have commented on the company. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. 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. Truist Financial lifted their price target on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. KeyCorp upped their price objective on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, DA Davidson lifted their target price on shares of KBR from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KBR. Norges Bank acquired a new position in KBR during the 4th quarter worth $77,193,000. Schonfeld Strategic Advisors LLC grew its stake in KBR by 1,313.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock worth $27,294,000 after purchasing an additional 430,318 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in KBR by 344.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock worth $32,155,000 after purchasing an additional 422,856 shares in the last quarter. Freshford Capital Management LLC grew its stake in KBR by 55.5% during the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after purchasing an additional 344,800 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in KBR by 12.1% during the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after purchasing an additional 331,749 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Price Performance

Shares of KBR stock opened at $66.78 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. The company has a market capitalization of $8.97 billion, a PE ratio of -34.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The firm’s 50-day moving average is $62.43 and its two-hundred day moving average is $57.08. KBR has a 12 month low of $49.37 and a 12 month high of $66.98.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm earned $0.67 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. Analysts predict that KBR will post 3.2 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. Shareholders of record on Friday, March 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Thursday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is currently -31.25%.

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.