KBR (NYSE:KBR) Shares Gap Up After Analyst Upgrade

KBR, Inc. (NYSE:KBR)’s stock price gapped up prior to trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $80.00 to $83.00. The stock had previously closed at $63.12, but opened at $65.62. Stifel Nicolaus currently has a buy rating on the stock. KBR shares last traded at $63.69, with a volume of 201,171 shares.

Several other research firms also recently commented on KBR. UBS Group dropped their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Truist Financial upped their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Citigroup upped their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday. Finally, KeyCorp upped their price target on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $73.43.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC bought a new position in KBR during the first quarter valued at approximately $25,000. CWM LLC grew its position in KBR by 113.6% during the third quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after acquiring an additional 433 shares during the last quarter. International Assets Investment Management LLC bought a new position in KBR during the fourth quarter valued at approximately $64,000. Headlands Technologies LLC bought a new position in KBR during the fourth quarter valued at approximately $65,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of KBR during the fourth quarter valued at approximately $69,000. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Performance

The stock has a market cap of $8.67 billion, a PE ratio of -31.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day moving average price of $61.39 and a two-hundred day moving average price of $56.87.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. 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.