KBR, Inc. (NYSE:KBR) Given Consensus Rating of “Buy” by Analysts

Shares of KBR, Inc. (NYSE:KBR) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $73.86.

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Truist Financial raised their price objective on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. DA Davidson raised their price objective on shares of KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. UBS Group reduced their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th.

KBR Stock Performance

NYSE:KBR opened at $66.51 on Friday. The company has a market capitalization of $8.93 billion, a PE ratio of -34.64, a P/E/G ratio of 1.29 and a beta of 0.92. The company has a 50 day simple moving average of $63.04 and a two-hundred day simple moving average of $57.24. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $68.68.

KBR (NYSE:KBR) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Research analysts anticipate that KBR will post 3.21 earnings per share for the current 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 $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.90%. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Buying and Selling at KBR

In other KBR 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 transaction of $471,600.00. Following the transaction, 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 SEC, which is available through this hyperlink. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in KBR by 29.5% during the 1st quarter. Russell Investments Group Ltd. now owns 456,221 shares of the construction company’s stock valued at $29,043,000 after acquiring an additional 103,831 shares in the last quarter. Qsemble Capital Management LP bought a new position in KBR during the 1st quarter valued at $868,000. Headlands Technologies LLC raised its stake in shares of KBR by 403.0% during the 1st quarter. Headlands Technologies LLC now owns 5,885 shares of the construction company’s stock worth $375,000 after purchasing an additional 4,715 shares during the period. Swiss National Bank raised its stake in shares of KBR by 0.3% during the 1st quarter. Swiss National Bank now owns 266,641 shares of the construction company’s stock worth $16,974,000 after purchasing an additional 800 shares during the period. Finally, Sciencast Management LP bought a new stake in shares of KBR during the 1st quarter worth $349,000. 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.