KBR, Inc. (NYSE:KBR) Given Average Rating of “Moderate Buy” by Brokerages

KBR, Inc. (NYSE:KBR) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.14.

KBR has been the subject of a number of research analyst reports. KeyCorp upped their target price on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th.

KBR Trading Up 2.5 %

NYSE KBR opened at $61.76 on Wednesday. KBR has a one year low of $50.45 and a one year high of $72.60. The firm has a market capitalization of $8.23 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day simple moving average of $66.21 and a 200-day simple moving average of $65.54.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that KBR will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is 25.21%.

Institutional Trading of KBR

Hedge funds have recently added to or reduced their stakes in the business. Natixis bought a new position in KBR during the first quarter worth $7,353,000. MQS Management LLC acquired a new stake in KBR during the first quarter worth about $210,000. Cloverfields Capital Group LP increased its stake in KBR by 369.3% in the first quarter. Cloverfields Capital Group LP now owns 80,820 shares of the construction company’s stock valued at $5,145,000 after acquiring an additional 63,599 shares during the period. Price T Rowe Associates Inc. MD raised its position in KBR by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 235,101 shares of the construction company’s stock worth $14,967,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in KBR by 6.3% during the first quarter. Public Employees Retirement System of Ohio now owns 59,568 shares of the construction company’s stock worth $3,792,000 after purchasing an additional 3,518 shares during the period. Institutional investors own 97.02% of the company’s stock.

About KBR

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.