KBR, Inc. (NYSE:KBR) Receives $75.88 Consensus Target Price from Analysts

Shares of KBR, Inc. (NYSE:KBR) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $75.88.

KBR has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Citigroup lowered their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp cut their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, TD Cowen lowered their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

A number of institutional investors and hedge funds have recently made changes to their positions in KBR. Wealth Enhancement Advisory Services LLC raised its holdings in shares of KBR by 26.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company’s stock valued at $335,000 after acquiring an additional 1,210 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of KBR by 54.4% in the fourth quarter. Mackenzie Financial Corp now owns 86,444 shares of the construction company’s stock worth $5,008,000 after purchasing an additional 30,468 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in KBR in the fourth quarter valued at approximately $3,627,000. Sunbelt Securities Inc. lifted its position in KBR by 2,017.1% during the fourth quarter. Sunbelt Securities Inc. now owns 2,350 shares of the construction company’s stock valued at $135,000 after purchasing an additional 2,239 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in KBR in the 4th quarter worth approximately $308,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $51.14 on Tuesday. The business has a 50-day moving average price of $52.50 and a two-hundred day moving average price of $59.27. KBR has a 1-year low of $47.16 and a 1-year high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $6.63 billion, a P/E ratio of 21.49, a PEG ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, analysts anticipate that KBR will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. KBR’s dividend payout ratio is 23.57%.

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.