KBR (NYSE:KBR) Shares Gap Up After Analyst Upgrade

KBR, Inc. (NYSE:KBR)’s stock price gapped up prior to trading on Tuesday after Citigroup raised their price target on the stock from $66.00 to $72.00. The stock had previously closed at $63.12, but opened at $65.62. Citigroup currently has a buy rating on the stock. KBR shares last traded at $63.69, with a volume of 201,171 shares traded.

Several other equities analysts have also weighed in on KBR. UBS Group reduced their price objective on KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price target (up from $78.00) on shares of KBR in a research report on Wednesday, March 13th. KeyCorp boosted their price target on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Truist Financial boosted their price target on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $73.00.

Insiders Place Their Bets

In other news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in KBR by 14.6% during the 3rd quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock worth $25,206,000 after acquiring an additional 54,623 shares during the period. Custom Index Systems LLC acquired a new stake in shares of KBR in the fourth quarter valued at $275,000. Strs Ohio lifted its holdings in shares of KBR by 212.1% in the third quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock valued at $5,276,000 after buying an additional 60,840 shares during the period. AXQ Capital LP lifted its holdings in shares of KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock valued at $1,438,000 after buying an additional 21,300 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of KBR by 169.8% during the third quarter. Hsbc Holdings PLC now owns 196,991 shares of the construction company’s stock worth $11,634,000 after purchasing an additional 123,966 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Trading Up 1.0 %

The business has a 50-day moving average price of $60.96 and a 200-day moving average price of $56.78. 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 (NYSE:KBR) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. KBR’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. Equities research analysts predict that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.94%. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s payout ratio is presently -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.