KBR (NYSE:KBR) Given New $63.00 Price Target at Credit Suisse Group

KBR (NYSE:KBRGet Rating) had its target price cut by Credit Suisse Group from $66.00 to $63.00 in a report issued on Wednesday morning, Marketbeat reports. They currently have an outperform rating on the construction company’s stock.

Several other research analysts have also recently weighed in on KBR. TheStreet cut shares of KBR from a b+ rating to a c rating in a report on Wednesday, May 11th. Citigroup lowered their price target on shares of KBR from $65.00 to $60.00 in a report on Friday, July 22nd. Finally, KeyCorp increased their price target on shares of KBR from $55.00 to $66.00 in a report on Thursday, April 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average target price of $63.25.

KBR Stock Up 0.5 %

Shares of KBR stock opened at $50.92 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.21 and a current ratio of 1.26. The firm’s 50-day moving average is $48.93 and its 200-day moving average is $49.24. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 54.17 and a beta of 1.23. KBR has a 52-week low of $36.71 and a 52-week high of $56.94.

KBR (NYSE:KBRGet Rating) last issued its earnings results on Tuesday, August 2nd. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.64 billion. KBR had a net margin of 1.90% and a return on equity of 25.02%. KBR’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Sell-side analysts predict that KBR will post 2.62 EPS for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. KBR’s payout ratio is presently 51.06%.

Insider Buying and Selling

In other news, CFO Mark W. Sopp purchased 1,050 shares of KBR stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $47.74 per share, for a total transaction of $50,127.00. Following the transaction, the chief financial officer now owns 118,497 shares of the company’s stock, valued at approximately $5,657,046.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark W. Sopp acquired 1,050 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average price of $47.74 per share, with a total value of $50,127.00. Following the purchase, the chief financial officer now directly owns 118,497 shares in the company, valued at $5,657,046.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Sopp acquired 1,100 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was bought at an average cost of $45.99 per share, with a total value of $50,589.00. Following the purchase, the chief financial officer now owns 117,447 shares in the company, valued at $5,401,387.53. The disclosure for this purchase can be found here. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KBR

Several large investors have recently modified their holdings of the business. Meridian Wealth Management LLC bought a new position in shares of KBR during the second quarter valued at $1,565,000. M&T Bank Corp raised its stake in shares of KBR by 109.2% during the second quarter. M&T Bank Corp now owns 91,241 shares of the construction company’s stock valued at $4,416,000 after acquiring an additional 47,617 shares during the last quarter. Pinnbrook Capital Management LP raised its stake in shares of KBR by 156.4% during the second quarter. Pinnbrook Capital Management LP now owns 61,505 shares of the construction company’s stock valued at $2,976,000 after acquiring an additional 37,513 shares during the last quarter. Riverwater Partners LLC bought a new position in shares of KBR during the second quarter valued at $370,000. Finally, Hanseatic Management Services Inc. raised its stake in shares of KBR by 3.5% during the second quarter. Hanseatic Management Services Inc. now owns 12,480 shares of the construction company’s stock valued at $604,000 after acquiring an additional 427 shares during the last quarter.

About KBR

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KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

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