KBR (NYSE:KBR) Rating Lowered to “Buy” at Wall Street Zen

KBR (NYSE:KBR) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also commented on the company. KeyCorp upped their price target on KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Truist Financial decreased their price target on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citigroup cut their price objective on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, The Goldman Sachs Group downgraded KBR from a “buy” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.57.

KBR Stock Performance

NYSE KBR opened at $53.50 on Friday. The stock’s fifty day moving average is $52.06 and its two-hundred day moving average is $54.14. The firm has a market capitalization of $6.94 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts anticipate that KBR will post 3.26 earnings per share for the current year.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the company’s 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 sale, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On KBR

Several large investors have recently bought and sold shares of KBR. Sumitomo Mitsui Trust Group Inc. increased its holdings in KBR by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,488 shares of the construction company’s stock worth $2,519,000 after purchasing an additional 1,239 shares during the period. Apollon Wealth Management LLC purchased a new stake in KBR during the 4th quarter worth about $487,000. Wilmington Savings Fund Society FSB purchased a new stake in KBR during the 4th quarter worth about $68,000. Fortress Financial Solutions LLC purchased a new stake in KBR during the 4th quarter worth about $295,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in KBR by 840.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,907 shares of the construction company’s stock worth $284,000 after purchasing an additional 4,385 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.