KBR (NYSE:KBR) Price Target Lowered to $40.00 at Bank of America

KBR (NYSE:KBR) had its target price decreased by Bank of America from $45.00 to $40.00 in a report published on Monday morning,Benzinga reports. Bank of America currently has a neutral rating on the construction company’s stock.

A number of other research analysts have also recently issued reports on the company. UBS Group cut their price objective on KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Wells Fargo & Company cut their price target on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Finally, Citigroup reduced their price target on shares of KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.62.

KBR Trading Down 1.6%

KBR stock opened at $34.50 on Monday. KBR has a 1-year low of $29.94 and a 1-year high of $52.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $34.29 and its 200-day moving average is $37.78. The firm has a market cap of $4.37 billion, a P/E ratio of 11.02, a P/E/G ratio of 2.09 and a beta of 0.44.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, May 5th. The construction company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a return on equity of 33.92% and a net margin of 5.21%.KBR’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities analysts anticipate that KBR will post 3.98 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.9%. KBR’s payout ratio is currently 21.09%.

Insiders Place Their Bets

In related news, Director Thaer Lewis Von purchased 3,000 shares of KBR stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $30.77 per share, for a total transaction of $92,310.00. Following the transaction, the director directly owned 10,358 shares in the company, valued at approximately $318,715.66. This represents a 40.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shad E. Evans acquired 8,375 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $30.60 per share, for a total transaction of $256,275.00. Following the acquisition, the chief financial officer owned 43,725 shares in the company, valued at approximately $1,337,985. The trade was a 23.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 29,875 shares of company stock worth $945,160 over the last ninety days. Company insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On KBR

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in KBR by 0.6% during the 3rd 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 period. Anchor Investment Management LLC boosted its position in shares of KBR by 27.5% in the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after acquiring an additional 275 shares during the period. Farther Finance Advisors LLC increased its position in KBR by 89.8% during the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after acquiring an additional 289 shares during the period. Truist Financial Corp raised its stake in KBR by 1.9% in the 4th quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock worth $697,000 after purchasing an additional 317 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in KBR by 27.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after purchasing an additional 333 shares during the period. 97.02% of the stock is owned by institutional investors.

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.