KBR’s (KBR) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reissued their buy rating on shares of KBR (NYSE:KBR) in a research note published on Tuesday morning, Benzinga reports. DA Davidson currently has a $78.00 price objective on the construction company’s stock.

KBR has been the subject of a number of other reports. Truist Financial upped 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. Stifel Nicolaus lifted their price target on shares of KBR from $83.00 to $84.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Citigroup upped their price objective on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a research note on Monday, April 22nd. StockNews.com upgraded KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Finally, UBS Group upped their target price on KBR from $68.00 to $77.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, KBR currently has an average rating of Buy and an average price target of $76.00.

KBR Stock Down 0.1 %

Shares of KBR stock opened at $64.12 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR has a 52-week low of $49.37 and a 52-week high of $68.68. The company has a market capitalization of $8.61 billion, a P/E ratio of -33.40, a P/E/G ratio of 1.33 and a beta of 0.93. The company has a 50 day moving average of $65.02 and a 200 day moving average of $60.15.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. As a group, research analysts forecast that KBR will post 3.21 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, June 17th. KBR’s payout ratio is currently -31.25%.

Insider Buying and Selling

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the transaction, the executive vice president now owns 21,409 shares in the company, valued at approximately $1,412,994. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Several institutional investors and hedge funds have recently added to or reduced their stakes in KBR. Rise Advisors LLC purchased a new stake in shares of KBR in the first quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of KBR in the 4th quarter valued at about $64,000. Headlands Technologies LLC acquired a new stake in shares of KBR in the fourth quarter valued at about $65,000. Anchor Investment Management LLC purchased a new stake in KBR during the fourth quarter worth about $69,000. Finally, Principal Securities Inc. acquired a new position in KBR during the fourth quarter worth about $82,000. Institutional investors and hedge funds 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.