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

Shares of KBR, Inc. (NYSE:KBR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $68.86.

KBR has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Citigroup lowered their price objective on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, April 25th. KeyCorp lifted their price target on shares of KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

KBR Stock Performance

NYSE KBR opened at $55.37 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The business’s 50-day moving average price is $51.74 and its 200 day moving average price is $55.36. The firm has a market cap of $7.18 billion, a P/E ratio of 23.26, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that KBR will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. KBR’s payout ratio is 22.07%.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.11% of the company’s stock.

Institutional Investors Weigh In On KBR

Institutional investors and hedge funds have recently bought and sold shares of the stock. LRI Investments LLC purchased a new stake in KBR in the 4th quarter valued at approximately $31,000. UMB Bank n.a. lifted its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in KBR in the 4th quarter valued at approximately $32,000. GAMMA Investing LLC raised its holdings in KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after acquiring an additional 594 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in KBR in the 1st quarter valued at $47,000. Hedge funds and other 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.