KBR, Inc. (NYSE:KBR) Receives Average Recommendation of “Hold” from Brokerages

Shares of KBR, Inc. (NYSE:KBR) have received an average recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $59.00.

KBR has been the topic of a number of research analyst reports. Bank of America reduced their target price on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company began coverage on KBR in a report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price objective on the stock. Citigroup dropped their target price on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Truist Financial set a $62.00 price objective on shares of KBR in a report on Thursday, October 30th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KBR. Voya Investment Management LLC boosted its holdings in KBR by 1.2% during the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock valued at $1,001,000 after acquiring an additional 241 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of KBR by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after purchasing an additional 249 shares during the period. Bessemer Group Inc. grew its holdings in shares of KBR by 75.8% in 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 last quarter. US Bancorp DE increased its stake in shares of KBR by 13.5% in the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock worth $113,000 after buying an additional 268 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of KBR by 6.4% in the third quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock worth $227,000 after buying an additional 289 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 1.1%

KBR stock opened at $41.22 on Friday. The company’s 50 day moving average is $43.78 and its 200 day moving average is $47.73. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR has a 1-year low of $39.61 and a 1-year high of $61.58.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 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 analysts’ expectations of $1.99 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Sell-side analysts predict that KBR will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 annualized dividend and a yield of 1.6%. KBR’s payout ratio is currently 22.68%.

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.