StockNews.com Lowers KBR (NYSE:KBR) to Buy

KBR (NYSE:KBR) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

KBR has been the topic of several other research reports. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. DA Davidson reissued a “buy” rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and a consensus price target of $75.50.

KBR Stock Up 2.8 %

Shares of KBR opened at $68.25 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a 52 week low of $49.37 and a 52 week high of $69.50. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of -35.55, a PEG ratio of 1.32 and a beta of 0.90. The stock has a fifty day moving average of $65.09 and a 200-day moving average of $64.74.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, sell-side analysts anticipate that KBR will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares in the company, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.08% of the company’s stock.

Institutional Trading of KBR

A number of institutional investors and hedge funds have recently modified their holdings of KBR. Engine Capital Management LP bought a new position in KBR in the 4th quarter valued at $8,421,000. Corsair Capital Management L.P. increased its holdings in KBR by 35.0% during the fourth quarter. Corsair Capital Management L.P. now owns 13,500 shares of the construction company’s stock worth $748,000 after buying an additional 3,500 shares during the last quarter. Freshford Capital Management LLC raised its position in KBR by 55.5% in 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. Nomura Holdings Inc. purchased a new position in KBR in the fourth quarter valued at about $11,065,000. Finally, Prelude Capital Management LLC grew its position in shares of KBR by 3.1% during the 4th quarter. Prelude Capital Management LLC now owns 83,488 shares of the construction company’s stock valued at $4,626,000 after acquiring an additional 2,475 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.