KBR (NYSE:KBR) Hits New 1-Year High – What’s Next?

KBR, Inc. (NYSE:KBR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.53 and last traded at $70.90, with a volume of 16258 shares. The stock had previously closed at $68.03.

Analyst Upgrades and Downgrades

KBR has been the topic of several analyst reports. UBS Group upped their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup upped their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp lifted their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.14.

KBR Trading Up 1.1 %

The firm’s 50 day simple moving average is $66.37 and its two-hundred day simple moving average is $65.70. The stock has a market capitalization of $9.54 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.34 and a beta of 0.89. 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 (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is 25.21%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KBR

A number of institutional investors and hedge funds have recently bought and sold shares of KBR. Natixis Advisors LLC grew its stake in shares of KBR by 34.6% in the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock worth $3,620,000 after acquiring an additional 14,295 shares in the last quarter. Pier 88 Investment Partners LLC grew its position in KBR by 25.9% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 10,420 shares in the last quarter. Victory Capital Management Inc. increased its stake in KBR by 85.1% in the 3rd quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock valued at $3,329,000 after buying an additional 23,491 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of KBR during the 3rd quarter worth approximately $771,000. Finally, Versor Investments LP purchased a new position in shares of KBR in the 3rd quarter worth approximately $1,954,000. 97.02% of the stock is 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.