KBR, Inc. (NYSE:KBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of KBR, Inc. (NYSE:KBR) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $70.25.

Several brokerages have recently issued reports on KBR. Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday. KeyCorp lowered their price objective on KBR from $67.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their target price on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, TD Cowen decreased their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th.

KBR Trading Down 0.8 %

KBR stock opened at $53.05 on Friday. KBR has a 52 week low of $43.89 and a 52 week high of $72.60. The stock has a 50-day moving average price of $50.22 and a 200 day moving average price of $57.09. 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 company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. Sell-side analysts anticipate that KBR will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KBR

A number of large investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Utah Retirement Systems boosted its position in shares of KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after acquiring an additional 200 shares during the last quarter. Cetera Trust Company N.A grew its holdings in shares of KBR by 5.6% in the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock valued at $188,000 after purchasing an additional 200 shares during the period. CIBC Asset Management Inc increased its position in KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after purchasing an additional 203 shares during the last quarter. Finally, KBC Group NV raised its stake in KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock worth $284,000 after purchasing an additional 260 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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.