KeyCorp Cuts KBR (NYSE:KBR) Price Target to $67.00

KBR (NYSE:KBR) had its price target lowered by KeyCorp from $70.00 to $67.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

A number of other analysts have also recently weighed in on the stock. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. Finally, UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

KBR Price Performance

KBR stock opened at $48.29 on Tuesday. 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 company has a fifty day simple moving average of $55.82 and a 200-day simple moving average of $61.69. The stock has a market cap of $6.43 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR has a 12-month low of $47.19 and a 12-month high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. Equities analysts expect that KBR will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio is presently 27.73%.

Hedge Funds Weigh In On KBR

A number of hedge funds and other institutional investors have recently made changes to their positions in KBR. Boston Partners raised its stake in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after acquiring an additional 3,216,323 shares during the last quarter. Norges Bank acquired a new position in shares of KBR in the fourth quarter valued at approximately $104,033,000. Bank of New York Mellon Corp raised its stake in shares of KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock worth $95,776,000 after purchasing an additional 1,167,282 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in KBR by 444.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock valued at $72,268,000 after buying an additional 1,018,539 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.