KBR (NYSE:KBR) Price Target Raised to $78.00 at KeyCorp

KBR (NYSE:KBR) had its target price increased by KeyCorp from $75.00 to $78.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

A number of other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson increased their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Friday, September 6th. Citigroup lifted their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Stock Up 1.1 %

KBR stock traded up $0.78 during trading on Thursday, hitting $71.59. 1,097,934 shares of the company were exchanged, compared to its average volume of 1,173,025. The company has a market capitalization of $9.54 billion, a P/E ratio of 30.08, a PEG ratio of 1.39 and a beta of 0.89. The business’s 50 day moving average is $66.42 and its 200 day moving average is $65.77. KBR has a 52 week low of $50.45 and a 52 week high of $71.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. Analysts predict that KBR will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. KBR’s dividend payout ratio (DPR) is currently 25.21%.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a 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 hedge funds have recently made changes to their positions in KBR. Larson Financial Group LLC lifted its stake in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC lifted its position in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Quarry LP lifted its position 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 last quarter. Eastern Bank purchased a new stake in shares of KBR during the third quarter valued at approximately $65,000. Finally, Fifth Third Bancorp grew its holdings in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.