Citigroup Increases KBR (NYSE:KBR) Price Target to $72.00

KBR (NYSE:KBR) had its price target increased by Citigroup from $66.00 to $72.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on KBR. UBS Group decreased their price objective on KBR from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, February 2nd. Truist Financial increased their price objective 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. Stifel Nicolaus reaffirmed a buy rating and set a $80.00 price target (up from $78.00) on shares of KBR in a report on Wednesday, March 13th. Finally, KeyCorp increased their price target on KBR from $63.00 to $65.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of $73.43.

KBR Stock Performance

Shares of KBR stock opened at $64.38 on Monday. The firm has a market capitalization of $8.67 billion, a P/E ratio of -31.40, a P/E/G ratio of 1.34 and a beta of 0.95. KBR has a 52 week low of $49.37 and a 52 week high of $65.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $61.39 and its two-hundred day moving average is $56.87.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. Research analysts forecast that KBR will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.15 dividend. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.93%. KBR’s dividend payout ratio is presently -29.27%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KBR. Rise Advisors LLC purchased a new position in shares of KBR in the first quarter valued at $25,000. CWM LLC increased its position in shares of KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of KBR by 91.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock valued at $69,000 after buying an additional 508 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of KBR in the fourth quarter valued at $64,000. Finally, Headlands Technologies LLC purchased a new position in shares of KBR in the fourth quarter valued at $65,000. 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.