KBR, Inc. (NYSE:KBR) Receives Average Recommendation of “Hold” from Brokerages

KBR, Inc. (NYSE:KBR) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $58.00.

A number of equities analysts have issued reports on KBR shares. Citigroup lowered their price target on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company initiated coverage on KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 target price for the company. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Truist Financial dropped their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th.

KBR Stock Up 0.6%

KBR opened at $40.23 on Thursday. The company has a fifty day moving average of $42.34 and a two-hundred day moving average of $46.44. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.08 and a beta of 0.54. KBR has a fifty-two week low of $39.52 and a fifty-two week high of $60.98. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.71% and a return on equity of 35.14%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts expect that KBR will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced 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 of this dividend is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. KBR’s payout ratio is currently 22.68%.

Institutional Investors Weigh In On KBR

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in shares of KBR in the third quarter valued at approximately $32,000. Tudor Investment Corp ET AL acquired a new position in KBR in the 3rd quarter valued at $3,850,000. Swiss Life Asset Management Ltd purchased a new position in KBR in the 3rd quarter valued at $286,000. Greenfield Seitz Capital Management LLC lifted its holdings in KBR by 19.6% in the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 9,460 shares of the construction company’s stock valued at $447,000 after purchasing an additional 1,550 shares in the last quarter. Finally, WBI Investments LLC boosted its stake in KBR by 75.2% during the 3rd quarter. WBI Investments LLC now owns 11,316 shares of the construction company’s stock worth $535,000 after purchasing an additional 4,858 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.