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

KBR, Inc. (NYSE:KBR) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.88.

A number of brokerages have recently weighed in on KBR. The Goldman Sachs Group cut their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. TD Cowen decreased their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. KeyCorp reduced their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now owns 63,533 shares of the company’s stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by corporate insiders.

Institutional Trading of KBR

Several hedge funds have recently made changes to their positions in KBR. True Wealth Design LLC purchased a new stake in KBR in the third quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares in the last quarter. LRI Investments LLC acquired a new position in KBR in the fourth quarter valued at $31,000. First Horizon Advisors Inc. purchased a new position in shares of KBR during the fourth quarter worth about $32,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 2.5 %

NYSE:KBR opened at $51.36 on Tuesday. KBR has a fifty-two week low of $47.16 and a fifty-two week high of $72.60. The firm has a 50-day simple moving average of $53.00 and a two-hundred day simple moving average of $59.46. 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 firm has a market cap of $6.80 billion, a P/E ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. Analysts predict that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s payout ratio is 23.57%.

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.