KBR, Inc. (NYSE:KBR) Receives $68.86 Consensus Target Price from Analysts

Shares of KBR, Inc. (NYSE:KBR) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $68.86.

A number of analysts have recently commented on the company. The Goldman Sachs Group dropped their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, KeyCorp upped their price objective on KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th.

KBR Trading Down 0.1%

Shares of KBR opened at $55.37 on Wednesday. The stock has a fifty day moving average of $51.74 and a two-hundred day moving average of $55.36. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $7.18 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts forecast that KBR will post 3.26 EPS for the current year.

KBR Announces Dividend

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

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction 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 in the company, valued at approximately $3,214,134.47. This represents a 23.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.11% of the stock is owned by insiders.

Institutional Trading of KBR

Large investors have recently added to or reduced their stakes in the stock. Boston Partners boosted its position in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after buying an additional 3,216,323 shares during the last quarter. Norges Bank purchased a new position in KBR in the 4th quarter valued at about $104,033,000. Bank of New York Mellon Corp boosted its position in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP boosted its position in KBR by 240.2% in the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock valued at $95,776,000 after buying an additional 1,167,282 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in KBR by 444.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock valued at $72,268,000 after buying an additional 1,018,539 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.