Truist Financial Lowers KBR (NYSE:KBR) Price Target to $60.00

KBR (NYSE:KBR) had its price target decreased by equities researchers at Truist Financial from $70.00 to $60.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 19.40% from the company’s current price.

KBR has been the topic of several other research reports. The Goldman Sachs Group dropped their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup decreased their price target on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

KBR Stock Down 0.6 %

KBR stock opened at $50.25 on Monday. The business has a 50 day simple moving average of $50.53 and a 200-day simple moving average of $57.89. KBR has a 12 month low of $43.89 and a 12 month high of $72.60. The stock has a market capitalization of $6.52 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. On average, analysts anticipate that KBR will post 3.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On KBR

Several hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its position in KBR by 278.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,914 shares of the construction company’s stock worth $190,000 after acquiring an additional 2,144 shares during the period. Sanctuary Advisors LLC grew its stake in shares of KBR by 73.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,122 shares of the construction company’s stock valued at $378,000 after buying an additional 2,592 shares in the last quarter. Tidal Investments LLC acquired a new stake in KBR in the third quarter valued at approximately $200,000. Franklin Resources Inc. grew its position in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in KBR by 45.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 5,088 shares of the construction company’s stock valued at $295,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Company Profile

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.