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

Shares of KBR, Inc. (NYSE:KBR) have earned a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $76.00.

Several research analysts have weighed in on KBR shares. DA Davidson boosted their price target on KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. UBS Group boosted their target price on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Truist Financial upped their price objective on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus upped their target price on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th.

KBR Trading Down 0.0 %

NYSE:KBR opened at $64.09 on Friday. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $68.68. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $8.61 billion, a PE ratio of -33.38, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The business’s 50-day simple moving average is $64.82 and its 200-day simple moving average is $59.79.

KBR (NYSE:KBR) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. Sell-side analysts expect that KBR will post 3.21 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be issued a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. KBR’s payout ratio is presently -31.25%.

Insiders Place Their Bets

In other news, EVP Sonia Galindo sold 4,660 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the sale, the executive vice president now owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Several institutional investors and hedge funds have recently made changes to their positions in KBR. Norges Bank acquired a new stake in KBR during the fourth quarter worth approximately $77,193,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of KBR by 359.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after purchasing an additional 1,148,503 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in KBR by 1,313.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock worth $27,294,000 after acquiring an additional 430,318 shares during the period. Qube Research & Technologies Ltd lifted its holdings in KBR by 344.6% during the third quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock worth $32,155,000 after acquiring an additional 422,856 shares during the period. Finally, Freshford Capital Management LLC lifted its holdings in KBR by 55.5% during the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after acquiring an additional 344,800 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.