KBR (NYSE:KBR) Hits New 52-Week Low – Here’s Why

Shares of KBR, Inc. (NYSE:KBR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.55 and last traded at $50.26, with a volume of 6210495 shares. The stock had previously closed at $49.14.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KBR shares. DA Davidson reissued a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. UBS Group raised their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup reduced their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, KeyCorp cut their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Trading Up 2.3 %

The stock’s 50-day simple moving average is $55.99 and its two-hundred day simple moving average is $61.81. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $6.70 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend 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 27.73%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KBR. True Wealth Design LLC bought a new stake in shares of KBR during the third quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the last quarter. LRI Investments LLC purchased a new position in KBR during the fourth quarter valued at $31,000. First Horizon Advisors Inc. bought a new stake in KBR in the 4th quarter valued at $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in KBR in the 4th quarter worth $68,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.