KBR, Inc. (NYSE:KBR) Receives Consensus Recommendation of “Hold” from Brokerages

KBR, Inc. (NYSE:KBR) has been assigned an average rating of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $61.6667.

Several analysts have issued reports on KBR shares. Citigroup cut their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. DA Davidson reduced their price objective on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Stifel Nicolaus lifted their target price on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Bank of America downgraded KBR from a “buy” rating to a “neutral” rating and dropped their target price for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, Truist Financial set a $62.00 price objective on shares of KBR in a research report on Thursday, October 30th.

KBR Price Performance

NYSE KBR opened at $42.61 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR has a 1 year low of $40.71 and a 1 year high of $72.60. The company has a market cap of $5.41 billion, a PE ratio of 15.44, a PEG ratio of 0.85 and a beta of 0.68. The stock’s 50-day moving average price is $46.25 and its two-hundred day moving average price is $49.02.

KBR (NYSE:KBR) last released its earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts predict that KBR will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $0.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. KBR’s payout ratio is 22.68%.

Institutional Investors Weigh In On KBR

Several large investors have recently made changes to their positions in the company. Boston Partners increased its holdings in KBR by 25.6% in the second quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after buying an additional 1,122,076 shares during the last quarter. Invesco Ltd. increased its stake in shares of KBR by 11.0% during the 2nd quarter. Invesco Ltd. now owns 5,465,232 shares of the construction company’s stock worth $262,003,000 after purchasing an additional 539,565 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of KBR by 8.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock valued at $196,116,000 after purchasing an additional 308,268 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of KBR by 17.8% in the 2nd quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock valued at $163,929,000 after purchasing an additional 517,633 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in KBR by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company’s stock worth $120,891,000 after purchasing an additional 244,094 shares in the last quarter. 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.