KBR (NYSE:KBR) Price Target Raised to $83.00 at Stifel Nicolaus

KBR (NYSE:KBR) had its target price raised by Stifel Nicolaus from $80.00 to $83.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts also recently issued reports on the stock. Truist Financial upped their price target on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. KeyCorp upped their target price on shares of KBR from $63.00 to $65.00 and gave the company an overweight rating in a research report on Wednesday, February 21st. UBS Group cut their target price on shares of KBR from $65.00 to $63.00 and set a buy rating on the stock in a research report on Friday, February 2nd. Citigroup upped their target price on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a research report on Monday. Finally, StockNews.com upgraded shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $73.43.

KBR Stock Performance

Shares of KBR stock opened at $65.24 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average price is $61.59 and its two-hundred day moving average price is $56.92. KBR has a 52-week low of $49.37 and a 52-week high of $65.87.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Analysts anticipate that KBR will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.15 per share. This is a boost from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s dividend payout ratio is currently -29.27%.

Insider Transactions at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the transaction, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.08% of the stock is owned by insiders.

Institutional Trading of KBR

A number of hedge funds have recently made changes to their positions in the business. State of Michigan Retirement System lifted its position in shares of KBR by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock valued at $1,796,000 after buying an additional 200 shares during the last quarter. Prosperity Financial Group Inc. increased its stake in shares of KBR by 5.3% during the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after purchasing an additional 215 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of KBR by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock worth $1,125,000 after purchasing an additional 260 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of KBR by 0.5% during the first quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after purchasing an additional 265 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of KBR by 2.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock worth $739,000 after purchasing an additional 267 shares during the period. 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.