Brokerages Set KBR, Inc. (NYSE:KBR) PT at $64.14

Shares of KBR, Inc. (NYSE:KBR) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $64.14.

Several research analysts have recently commented on the company. Truist Financial decreased their price objective on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. 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 research note on Tuesday, May 27th. Wall Street Zen downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Finally, Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, April 25th.

Insider Activity

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the transaction, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.11% of the company’s stock.

Hedge Funds Weigh In On KBR

A number of institutional investors and hedge funds have recently modified their holdings of KBR. Norges Bank purchased a new position in shares of KBR in the 4th quarter worth approximately $104,033,000. Wellington Management Group LLP boosted its holdings in shares of KBR by 240.2% in the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock worth $95,776,000 after purchasing an additional 1,167,282 shares during the period. Boston Partners lifted its stake in shares of KBR by 35.2% during the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock worth $218,648,000 after acquiring an additional 1,142,111 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of KBR by 444.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 1,018,539 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its stake in shares of KBR by 5,030.1% during the 1st quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company’s stock worth $45,178,000 after acquiring an additional 889,322 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Down 2.2%

KBR stock opened at $45.55 on Monday. KBR has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The business’s 50-day moving average is $49.42 and its two-hundred day moving average is $51.48. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.89 and a beta of 0.74.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. KBR’s revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that KBR will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, June 13th. KBR’s dividend payout ratio is currently 22.07%.

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.