KBR, Inc. (NYSE:KBR) Given Consensus Rating of “Buy” by Analysts

KBR, Inc. (NYSE:KBR) has earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $76.00.

KBR has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. Truist Financial lifted their price objective on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus lifted their price objective on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Citigroup lifted their price objective on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd.

Insider Activity

In other news, EVP Sonia Galindo sold 4,660 shares of KBR stock in a transaction on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently modified their holdings of the company. Boston Partners grew its stake in shares of KBR by 49.4% in the first quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after buying an additional 28,091 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in KBR by 21.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 71,144 shares of the construction company’s stock worth $4,529,000 after purchasing an additional 12,792 shares in the last quarter. Comerica Bank grew its stake in KBR by 27.5% during the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock worth $4,620,000 after purchasing an additional 15,651 shares in the last quarter. Tidal Investments LLC grew its stake in KBR by 11.9% during the 1st quarter. Tidal Investments LLC now owns 5,411 shares of the construction company’s stock worth $344,000 after purchasing an additional 574 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Down 0.1 %

Shares of KBR opened at $64.14 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR has a 12 month low of $49.37 and a 12 month high of $68.68. The stock’s 50 day moving average is $65.02 and its two-hundred day moving average is $60.19. The firm has a market cap of $8.61 billion, a P/E ratio of -33.41, a PEG ratio of 1.33 and a beta of 0.93.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company earned $0.67 earnings per share. KBR’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts predict that KBR will post 3.21 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. KBR’s dividend payout ratio is currently -31.25%.

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.