KBR (NYSE:KBR) Price Target Lowered to $57.00 at Citigroup

KBR (NYSE:KBR) had its price objective cut by Citigroup from $62.00 to $57.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. DA Davidson cut their target price on KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Bank of America downgraded KBR from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. Truist Financial set a $62.00 price objective on shares of KBR in a research report on Thursday. Finally, Stifel Nicolaus raised 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. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.67.

KBR Price Performance

NYSE KBR opened at $41.64 on Monday. The business’s fifty day moving average is $46.96 and its 200 day moving average is $49.26. The company has a market capitalization of $5.37 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. KBR has a fifty-two week low of $40.71 and a fifty-two week high of $72.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Sell-side analysts predict that KBR will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 15th. KBR’s dividend payout ratio (DPR) is 22.68%.

Institutional Investors Weigh In On KBR

A number of large investors have recently modified their holdings of KBR. EverSource Wealth Advisors LLC increased its position in KBR by 432.5% during the second 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. grew its position in 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 buying an additional 266 shares during the period. GAMMA Investing LLC grew its holdings in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after purchasing an additional 594 shares during the last quarter. Byrne Asset Management LLC acquired a new position in KBR during the second quarter worth about $41,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of KBR by 98.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock worth $59,000 after purchasing an additional 608 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.