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

Shares of KBR, Inc. (NYSE:KBR) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $76.00.

KBR has been the topic of a number of analyst reports. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Truist Financial increased their price target on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. DA Davidson reissued a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. Stifel Nicolaus increased their price target on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, UBS Group increased their price target on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th.

Insider Buying and Selling

In related news, EVP Sonia Galindo sold 4,660 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the transaction, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of KBR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of KBR by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after purchasing an additional 331,749 shares in the last quarter. Jennison Associates LLC increased its position in shares of KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after acquiring an additional 99,196 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of KBR by 359.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after acquiring an additional 1,148,503 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of KBR during the fourth quarter worth about $77,193,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $64.14 on Friday. The business’s fifty day moving average price is $65.02 and its two-hundred day moving average price is $60.19. The stock has a market cap of $8.61 billion, a PE ratio of -33.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. 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 one year low of $49.37 and a one year high of $68.68.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. KBR’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. On average, analysts forecast that KBR will post 3.21 EPS for the current fiscal year.

KBR Announces Dividend

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

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.