Brokerages Set KBR, Inc. (NYSE:KBR) Target Price at $62.78

Shares of KBR, Inc. (NYSE:KBR) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $62.7778.

Several research analysts have issued reports on KBR shares. Stifel Nicolaus increased their price objective on KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. UBS Group lowered KBR from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. DA Davidson decreased their price objective on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 1st. KeyCorp downgraded KBR from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Saturday.

KBR Stock Up 3.3%

KBR opened at $44.67 on Friday. KBR has a 1-year low of $42.94 and a 1-year high of $72.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 0.86 and a beta of 0.68. The business has a 50 day moving average of $48.90 and a 200-day moving average of $49.91.

KBR (NYSE:KBR) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, sell-side analysts anticipate that KBR will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, September 15th. KBR’s dividend payout ratio is 23.91%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KBR. EverSource Wealth Advisors LLC increased its position in KBR by 432.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after buying an additional 493 shares during the period. Bessemer Group Inc. lifted its holdings in shares of KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after purchasing an additional 266 shares during the period. GAMMA Investing LLC lifted its holdings in shares of KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock worth $40,000 after purchasing an additional 594 shares during the period. Byrne Asset Management LLC acquired a new position in shares of KBR in the second quarter worth approximately $41,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of KBR during the 1st quarter worth approximately $47,000. 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.