Bank of America Lowers KBR (NYSE:KBR) Price Target to $40.00

KBR (NYSE:KBR) had its price objective dropped by research analysts at Bank of America from $45.00 to $40.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Bank of America‘s target price points to a potential upside of 16.27% from the stock’s previous close.

KBR has been the subject of a number of other research reports. Wells Fargo & Company lowered their target price on KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Citigroup lowered their price target on KBR from $53.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, UBS Group lowered their target price on shares of KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, KBR presently has a consensus rating of “Hold” and a consensus price target of $52.62.

KBR Price Performance

KBR stock opened at $34.40 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.04 and a beta of 0.44. The firm has a 50-day moving average of $34.34 and a two-hundred day moving average of $37.74. KBR has a 1 year low of $29.94 and a 1 year high of $52.23.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. KBR had a net margin of 5.21% and a return on equity of 33.92%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, research analysts forecast that KBR will post 4 earnings per share for the current year.

Insider Transactions at KBR

In other news, Director Carlos A. Sabater bought 14,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $32.47 per share, with a total value of $470,815.00. Following the completion of the acquisition, the director directly owned 35,705 shares of the company’s stock, valued at $1,159,341.35. This trade represents a 68.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shad E. Evans bought 8,375 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $30.60 per share, for a total transaction of $256,275.00. Following the transaction, the chief financial officer owned 43,725 shares of the company’s stock, valued at $1,337,985. The trade was a 23.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 29,875 shares of company stock valued at $945,160. 1.15% of the stock is owned by company insiders.

Institutional Trading of KBR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in shares of KBR by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after buying an additional 249 shares during the period. Anchor Investment Management LLC lifted its holdings in KBR by 27.5% in the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after acquiring an additional 275 shares during the last quarter. Farther Finance Advisors LLC grew its position in KBR by 89.8% in the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after acquiring an additional 289 shares during the period. Truist Financial Corp increased its stake in KBR by 1.9% during the fourth quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock worth $697,000 after acquiring an additional 317 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in KBR by 27.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

About KBR

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.