KBR, Inc. (NYSE:KBR) Receives Average Rating of “Buy” from Brokerages

Shares of KBR, Inc. (NYSE:KBR) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.71.

A number of research analysts have weighed in on the company. UBS Group decreased their price target on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Citigroup lifted their target price on KBR from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price (up from $78.00) on shares of KBR in a research note on Wednesday, March 13th. Truist Financial reiterated a “buy” rating and set a $72.00 target price on shares of KBR in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in KBR by 14.6% in the 3rd quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after acquiring an additional 54,623 shares in the last quarter. Strs Ohio raised its holdings in KBR by 212.1% in the 3rd quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock valued at $5,276,000 after acquiring an additional 60,840 shares in the last quarter. AXQ Capital LP raised its holdings in KBR by 687.1% in the 3rd quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock valued at $1,438,000 after acquiring an additional 21,300 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of KBR by 169.8% during the 3rd quarter. Hsbc Holdings PLC now owns 196,991 shares of the construction company’s stock worth $11,634,000 after buying an additional 123,966 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of KBR by 1,313.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock worth $27,294,000 after buying an additional 430,318 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Down 0.9 %

KBR stock opened at $64.34 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $59.03 and a two-hundred day moving average price of $56.49. The company has a market cap of $8.66 billion, a price-to-earnings ratio of -31.39, a P/E/G ratio of 1.37 and a beta of 0.95. KBR has a twelve month low of $49.37 and a twelve month high of $65.87.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Analysts anticipate that KBR will post 3.2 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be issued a dividend of $0.15 per share. This is a boost from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 14th. KBR’s dividend payout ratio (DPR) is presently -29.27%.

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.