KBR (NYSE:KBR) Price Target Raised to $72.00 at Citigroup

KBR (NYSE:KBR) had its target price lifted by Citigroup from $66.00 to $72.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other brokerages have also recently issued reports on KBR. Truist Financial upped their price target on shares of KBR from $72.00 to $90.00 and gave the company a buy rating in a research report on Tuesday, April 9th. UBS Group decreased their price objective on shares of KBR from $65.00 to $63.00 and set a buy rating for the company in a research report on Friday, February 2nd. Stifel Nicolaus reiterated a buy rating and set a $80.00 price objective (up from $78.00) on shares of KBR in a research report on Wednesday, March 13th. StockNews.com upgraded shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Finally, KeyCorp increased their price objective on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $73.00.

KBR Trading Up 0.7 %

Shares of NYSE KBR opened at $63.12 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR has a 52-week low of $49.37 and a 52-week high of $65.87. The firm has a 50 day moving average price of $60.96 and a two-hundred day moving average price of $56.78. The stock has a market cap of $8.50 billion, a P/E ratio of -30.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that KBR will post 3.19 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. KBR’s dividend payout ratio (DPR) is presently -29.27%.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UBS Group AG lifted its stake in shares of KBR by 14.6% in the third quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after buying an additional 54,623 shares in the last quarter. Custom Index Systems LLC bought a new position in shares of KBR in the fourth quarter valued at $275,000. Strs Ohio lifted its stake in shares of KBR by 212.1% in the third quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock valued at $5,276,000 after buying an additional 60,840 shares in the last quarter. AXQ Capital LP lifted its stake in shares of KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock valued at $1,438,000 after buying an additional 21,300 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of KBR by 169.8% in the third quarter. Hsbc Holdings PLC now owns 196,991 shares of the construction company’s stock valued at $11,634,000 after buying an additional 123,966 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

About KBR

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.