KBR, Inc. (NYSE:KBR) Receives $64.14 Consensus PT from Brokerages

KBR, Inc. (NYSE:KBR) has been assigned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $64.14.

A number of research analysts have recently issued reports on the company. UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and cut their price target for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Truist Financial cut their price target on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 7th. Citigroup cut their price target on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, KeyCorp downgraded KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd.

KBR Price Performance

Shares of KBR stock opened at $45.55 on Monday. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $5.91 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.89 and a beta of 0.74. The stock has a 50 day moving average price of $49.42 and a 200 day moving average price of $51.48.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $0.77 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that KBR will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.45%. KBR’s dividend payout ratio (DPR) is 22.07%.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is currently owned by company insiders.

Institutional Trading of KBR

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of KBR by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock valued at $740,951,000 after buying an additional 68,588 shares during the period. Invesco Ltd. lifted its holdings in shares of KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock valued at $245,347,000 after buying an additional 683,280 shares during the period. Boston Partners lifted its holdings in shares of KBR by 35.2% in the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock valued at $218,648,000 after buying an additional 1,142,111 shares during the period. Franklin Resources Inc. lifted its holdings in shares of KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock valued at $166,167,000 after buying an additional 451,887 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of KBR by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company’s stock valued at $120,891,000 after buying an additional 244,094 shares during the period. 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.