KBR, Inc. (NYSE:KBR) Receives $69.71 Consensus PT from Brokerages

KBR, Inc. (NYSE:KBR) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $72.29.

Several brokerages have issued reports on KBR. Truist Financial raised their price target on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. UBS Group cut their price target on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target (up previously from $78.00) on shares of KBR in a report on Wednesday, March 13th. Finally, Citigroup lifted their target price on KBR from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State of Michigan Retirement System increased its position in shares of KBR by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock worth $1,796,000 after purchasing an additional 200 shares during the period. Prosperity Financial Group Inc. increased its position in shares of KBR by 5.3% in the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after purchasing an additional 215 shares during the period. Belpointe Asset Management LLC increased its position in shares of KBR by 35.5% in the first quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock worth $48,000 after purchasing an additional 228 shares during the period. Daiwa Securities Group Inc. increased its position in shares of KBR by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock worth $1,125,000 after purchasing an additional 260 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of KBR by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock worth $739,000 after purchasing an additional 267 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Trading Down 1.7 %

NYSE KBR opened at $61.65 on Tuesday. The company has a market cap of $8.30 billion, a PE ratio of -30.07, a PEG ratio of 1.33 and a beta of 0.95. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR has a 12 month low of $49.37 and a 12 month high of $65.87. The stock has a 50 day moving average of $60.07 and a 200-day moving average of $56.63.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $0.69 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts anticipate that KBR will post 3.2 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is currently -29.27%.

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.