KBR (NYSE:KBR) Earns Buy Rating from DA Davidson

KBR (NYSE:KBR)‘s stock had its “buy” rating reiterated by DA Davidson in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $78.00 target price on the construction company’s stock. DA Davidson’s target price would suggest a potential upside of 22.26% from the stock’s previous close.

KBR has been the subject of several other research reports. Citigroup boosted their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. UBS Group boosted their price objective on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Stifel Nicolaus boosted their price objective on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Truist Financial lifted their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR currently has an average rating of “Buy” and an average target price of $76.00.

KBR Stock Down 0.9 %

Shares of NYSE:KBR opened at $63.80 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $64.95 and a 200 day simple moving average of $60.04. The firm has a market cap of $8.57 billion, a PE ratio of -33.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.93. KBR has a 12-month low of $49.37 and a 12-month high of $68.68.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, equities research analysts anticipate that KBR will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Sonia Galindo sold 4,660 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,409 shares in the company, valued at $1,412,994. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in KBR in the first quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in shares of KBR during the fourth quarter worth about $64,000. Headlands Technologies LLC acquired a new stake in shares of KBR during the fourth quarter worth about $65,000. Anchor Investment Management LLC acquired a new stake in shares of KBR during the fourth quarter worth about $69,000. Finally, Principal Securities Inc. acquired a new stake in shares of KBR during the fourth quarter worth about $82,000. 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.