KBR (NYSE:KBR) Shares Gap Down – What’s Next?

KBR, Inc. (NYSE:KBR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $42.80, but opened at $41.68. KBR shares last traded at $40.5550, with a volume of 332,401 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of KBR in a research report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target for the company. Wells Fargo & Company began coverage on shares of KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price objective on the stock. Citigroup reduced their price objective on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, KBR presently has an average rating of “Hold” and a consensus price target of $58.00.

KBR Stock Performance

The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The company’s fifty day moving average price is $42.61 and its 200 day moving average price is $46.70. The company has a market cap of $5.11 billion, a PE ratio of 13.82, a P/E/G ratio of 1.09 and a beta of 0.54.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 29th. 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 the consensus estimate of $1.99 billion. KBR had a net margin of 4.71% and a return on equity of 35.14%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, equities research analysts predict that KBR, Inc. 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 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 Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its stake in shares of KBR by 1.2% during the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after purchasing an additional 241 shares during the period. Public Employees Retirement System of Ohio increased its holdings in 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 worth $1,898,000 after buying an additional 249 shares during the last quarter. Bessemer Group Inc. raised its position in 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 acquiring an additional 266 shares during the period. Jones Financial Companies Lllp boosted its stake in KBR by 6.4% in the third quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock valued at $227,000 after acquiring an additional 289 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in KBR by 37.5% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.