KBR (NYSE:KBR) Price Target Cut to $40.00 by Analysts at Wells Fargo & Company

KBR (NYSE:KBR) had its price objective trimmed by Wells Fargo & Company from $45.00 to $40.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Other analysts have also issued research reports about the company. Truist Financial dropped their price objective on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Zacks Research lowered KBR from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Weiss Ratings lowered KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Citigroup dropped their price objective on KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.50.

KBR Stock Performance

KBR opened at $36.90 on Monday. KBR has a 52-week low of $35.62 and a 52-week high of $56.78. The firm has a market capitalization of $4.68 billion, a PE ratio of 11.49, a PEG ratio of 2.16 and a beta of 0.49. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50-day simple moving average is $39.42 and its 200 day simple moving average is $41.80.

KBR (NYSE:KBR) last released its earnings results on Thursday, February 26th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.91 billion. KBR had a return on equity of 35.22% and a net margin of 5.30%.KBR’s revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, sell-side analysts expect that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. KBR’s dividend payout ratio is presently 20.56%.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of KBR by 105.3% in the third quarter. Envestnet Asset Management Inc. now owns 120,842 shares of the construction company’s stock valued at $5,715,000 after purchasing an additional 61,983 shares during the last quarter. Moore Capital Management LP acquired a new position in shares of KBR in the third quarter valued at approximately $16,055,000. Neuberger Berman Group LLC grew its position in shares of KBR by 9.1% in the third quarter. Neuberger Berman Group LLC now owns 2,302,468 shares of the construction company’s stock valued at $108,850,000 after purchasing an additional 191,382 shares during the last quarter. HighVista Strategies LLC acquired a new stake in KBR during the third quarter worth approximately $1,679,000. Finally, Van ECK Associates Corp grew its position in KBR by 4.7% during the third quarter. Van ECK Associates Corp now owns 2,133,428 shares of the construction company’s stock worth $100,890,000 after buying an additional 96,188 shares in the last quarter. Institutional investors and hedge funds 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.