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

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

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

KBR Stock Down 0.8 %

Shares of NYSE:KBR opened at $53.05 on Friday. The business has a 50-day moving average price of $50.22 and a 200 day moving average price of $57.09. KBR has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a current ratio of 1.07, a quick 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 PEG ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping 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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. Sell-side analysts expect that KBR will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.165 dividend. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, March 14th. KBR’s payout ratio is currently 23.57%.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm’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 completion of the sale, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.11% of the company’s stock.

Institutional Investors Weigh In On KBR

A number of hedge funds and other institutional investors have recently bought and sold shares of KBR. Sanctuary Advisors LLC lifted its stake in shares of KBR by 73.4% in the third quarter. Sanctuary Advisors LLC now owns 6,122 shares of the construction company’s stock valued at $378,000 after purchasing an additional 2,592 shares during the period. Tidal Investments LLC acquired a new stake in shares of KBR during the 3rd quarter valued at approximately $200,000. Franklin Resources Inc. boosted its stake in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of KBR by 45.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 5,088 shares of the construction company’s stock worth $295,000 after acquiring an additional 1,600 shares during the period. Finally, First Hawaiian Bank purchased a new position in KBR in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.