KBR, Inc. (NYSE:KBR) Receives $73.86 Average Target Price from Analysts

KBR, Inc. (NYSE:KBR) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $73.86.

A number of research firms have weighed in on KBR. KeyCorp lifted their price objective on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Truist Financial boosted their target price on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. UBS Group cut their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Citigroup boosted their target price on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th.

KBR Stock Up 1.8 %

KBR opened at $67.98 on Friday. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $68.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average of $62.58 and a two-hundred day moving average of $57.06. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of -35.42, a PEG ratio of 1.29 and a beta of 0.92.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts expect that KBR will post 3.21 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. KBR’s payout ratio is presently -31.25%.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Institutional Trading of KBR

Hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in shares of KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares during the period. SG Americas Securities LLC lifted its stake in shares of KBR by 304.5% in the 3rd quarter. SG Americas Securities LLC now owns 9,922 shares of the construction company’s stock valued at $585,000 after purchasing an additional 7,469 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of KBR by 3.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,071 shares of the construction company’s stock valued at $770,000 after purchasing an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of KBR by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,859 shares of the construction company’s stock worth $1,583,000 after purchasing an additional 2,957 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of KBR during the 3rd quarter worth about $2,515,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.