KBR (NYSE:KBR) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of KBR (NYSE:KBR) from a buy rating to a hold rating in a research note published on Saturday.

Several other brokerages have also recently commented on KBR. Truist Financial set a $62.00 price target on shares of KBR in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Citigroup cut their price target on shares of KBR from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. DA Davidson cut their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Finally, Bank of America lowered shares of KBR from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $55.00 in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, KBR presently has a consensus rating of “Hold” and a consensus price target of $62.22.

KBR Trading Up 3.4%

Shares of NYSE:KBR opened at $42.91 on Friday. The company’s 50-day moving average price is $47.14 and its two-hundred day moving average price is $49.33. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. KBR has a one year low of $40.71 and a one year high of $72.60. The stock has a market capitalization of $5.53 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $1.02 EPS 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 firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts forecast that KBR will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. KBR’s payout ratio is currently 23.91%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KBR. GAMMA Investing LLC grew its stake 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 buying an additional 594 shares during the last quarter. KBC Group NV grew its stake in KBR by 4.8% in the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock valued at $284,000 after buying an additional 260 shares during the last quarter. Principal Financial Group Inc. grew its stake in KBR by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company’s stock valued at $15,298,000 after buying an additional 1,343 shares during the last quarter. D.A. Davidson & CO. grew its stake in KBR by 7.5% in the 1st quarter. D.A. Davidson & CO. now owns 64,048 shares of the construction company’s stock valued at $3,190,000 after buying an additional 4,468 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in KBR by 24.8% in the 1st quarter. TD Private Client Wealth LLC now owns 5,574 shares of the construction company’s stock valued at $278,000 after buying an additional 1,109 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.