KBR, Inc. (NYSE:KBR) Receives Average Recommendation of “Moderate Buy” from Analysts

KBR, Inc. (NYSE:KBR) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $81.14.

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

KBR Trading Down 0.1 %

Shares of KBR opened at $58.47 on Friday. KBR has a twelve month low of $51.60 and a twelve month high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $7.79 billion, a P/E ratio of 24.57, a PEG ratio of 1.18 and a beta of 0.84. The firm’s 50-day moving average is $64.95 and its two-hundred day moving average is $64.93.

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

KBR Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is 25.21%.

Hedge Funds Weigh In On KBR

Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new stake in KBR in the 3rd quarter valued at about $26,000. Larson Financial Group LLC boosted its position in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC boosted its position in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP grew its holdings in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the period. Finally, Eastern Bank acquired a new position in KBR during the third quarter worth approximately $65,000. 97.02% of the stock is currently 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.