StockNews.com Downgrades KBR (NYSE:KBR) to Buy

StockNews.com lowered shares of KBR (NYSE:KBR) from a strong-buy rating to a buy rating in a report released on Friday.

A number of other analysts have also recently weighed in on KBR. TD Cowen cut KBR from a buy rating to a hold rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. DA Davidson reissued a buy rating and set a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $75.50.

KBR Price Performance

KBR opened at $64.37 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a 1-year low of $49.37 and a 1-year high of $69.50. The company has a 50-day moving average of $65.41 and a 200-day moving average of $64.50. The company has a market capitalization of $8.64 billion, a P/E ratio of -33.53, a PEG ratio of 1.25 and a beta of 0.90.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. Equities analysts expect that KBR will post 3.25 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s payout ratio is -31.25%.

Insider Transactions at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by insiders.

Institutional Trading of KBR

Several large investors have recently added to or reduced their stakes in KBR. Fifth Third Bancorp boosted its position in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after purchasing an additional 179 shares during the period. CWM LLC boosted its holdings in KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the period. Harbour Capital Advisors LLC grew its position in KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after purchasing an additional 265 shares during the last quarter. Blue Trust Inc. raised its position in shares of KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after buying an additional 316 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of KBR during the first quarter valued at approximately $25,000. 97.02% of the stock is owned by institutional investors.

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.