KBR (NYSE:KBR) Price Target Lowered to $59.00 at KeyCorp

KBR (NYSE:KBR) had its price objective cut by KeyCorp from $67.00 to $59.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other analysts have also recently issued reports on the company. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group cut their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.13.

KBR Trading Up 0.3 %

Shares of KBR stock opened at $50.47 on Wednesday. KBR has a twelve month low of $43.89 and a twelve month high of $72.60. The firm has a 50-day moving average price of $50.27 and a 200 day moving average price of $57.63. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.86 and a beta of 0.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating 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 company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. Research analysts forecast that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $0.165 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Insider Buying and Selling

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s 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 transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company’s stock.

Institutional Trading of KBR

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its position in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Utah Retirement Systems grew its stake in shares of KBR by 2.9% in the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock worth $417,000 after purchasing an additional 200 shares during the last quarter. Cetera Trust Company N.A raised its holdings in shares of KBR by 5.6% in the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock worth $188,000 after purchasing an additional 200 shares in the last quarter. CIBC Asset Management Inc lifted its stake in KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after purchasing an additional 203 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company’s stock worth $68,000 after buying an additional 275 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

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.