Brokerages Set KBR, Inc. (NYSE:KBR) Target Price at $68.86

Shares of KBR, Inc. (NYSE:KBR) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $68.86.

KBR has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Truist Financial lowered their price target on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, KeyCorp lifted their target price on KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. The trade was a 23.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KBR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hennessy Advisors Inc. purchased a new position in KBR in the fourth quarter valued at approximately $47,022,000. Proficio Capital Partners LLC purchased a new position in shares of KBR in the 4th quarter valued at $1,131,000. Blue Trust Inc. raised its stake in KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after acquiring an additional 1,095 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in KBR in the fourth quarter valued at $290,000. Finally, Rhumbline Advisers increased its position in shares of KBR by 1.3% during the fourth quarter. Rhumbline Advisers now owns 355,496 shares of the construction company’s stock worth $20,594,000 after purchasing an additional 4,431 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR opened at $56.14 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day moving average of $51.54 and a 200 day moving average of $55.61. The firm has a market cap of $7.28 billion, a PE ratio of 23.59, a PEG ratio of 0.86 and a beta of 0.83. KBR has a one year low of $43.89 and a one year high of $72.60.

KBR (NYSE:KBR) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts predict that KBR will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 13th. KBR’s dividend payout ratio is presently 22.07%.

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.