KBR (NYSE:KBR) Reaches New 12-Month Low – What’s Next?

KBR, Inc. (NYSE:KBR) reached a new 52-week low on Monday . The stock traded as low as $43.89 and last traded at $44.55, with a volume of 105791 shares. The stock had previously closed at $47.54.

Analysts Set New Price Targets

KBR has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Finally, TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR Stock Down 1.1 %

The stock has a 50 day moving average price of $51.01 and a 200 day moving average price of $58.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

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

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. This is a positive change from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

A number of hedge funds have recently bought and sold shares of KBR. Boston Partners grew its holdings in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after acquiring an additional 3,216,323 shares during the period. Norges Bank bought a new stake in shares of KBR during the 4th quarter valued at about $104,033,000. Bank of New York Mellon Corp grew its stake in KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the period. Wellington Management Group LLP increased its holdings in KBR by 240.2% in the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock worth $95,776,000 after purchasing an additional 1,167,282 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock valued at $72,268,000 after buying an additional 1,018,539 shares during the period. Institutional investors 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.