KBR, Inc. (NYSE:KBR) Given Average Rating of “Buy” by Analysts

Shares of KBR, Inc. (NYSE:KBR) have been given a consensus rating of “Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $73.86.

A number of research analysts recently issued reports on the company. DA Davidson boosted their price objective on KBR from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus upped their price target on KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. UBS Group dropped their price target on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Truist Financial upped their price target on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th.

Insider Activity

In related news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the sale, the executive vice president now owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.08% of the company’s stock.

Institutional Trading of KBR

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Michigan Retirement System raised its holdings in KBR by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock valued at $1,796,000 after buying an additional 200 shares during the period. Prosperity Financial Group Inc. increased its stake in KBR by 5.3% in the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after purchasing an additional 215 shares during the period. Daiwa Securities Group Inc. increased its stake in KBR by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock worth $1,125,000 after purchasing an additional 260 shares during the period. Harbour Capital Advisors LLC increased its stake in KBR by 0.5% in the first quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after purchasing an additional 265 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in KBR by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock worth $739,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Price Performance

NYSE KBR opened at $66.78 on Friday. KBR has a 52 week low of $49.37 and a 52 week high of $66.98. The firm has a market capitalization of $8.97 billion, a P/E ratio of -34.78, a PEG ratio of 1.39 and a beta of 0.92. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $62.43 and a 200-day moving average price of $57.08.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Equities research analysts anticipate that KBR will post 3.2 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.15 per share. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Thursday, March 14th. KBR’s dividend payout ratio is currently -31.25%.

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.