KBR, Inc. (NYSE:KBR) Receives $75.88 Average Target Price from Brokerages

KBR, Inc. (NYSE:KBR) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $75.88.

Several analysts have issued reports on KBR shares. KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Citigroup dropped their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. TD Cowen decreased their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On KBR

Several institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC bought a new position in KBR during the 3rd quarter valued at about $26,000. UMB Bank n.a. grew its stake in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. LRI Investments LLC purchased a new position in shares of KBR during the fourth quarter valued at approximately $31,000. First Horizon Advisors Inc. bought a new position in KBR during the fourth quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in KBR in the fourth quarter worth approximately $68,000. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

KBR opened at $51.14 on Tuesday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 21.49, a PEG ratio of 0.86 and a beta of 0.86. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR has a 12-month low of $47.16 and a 12-month high of $72.60. The stock has a 50-day moving average price of $52.50 and a 200-day moving average price of $59.27.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities analysts predict that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $0.165 dividend. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s payout ratio is currently 23.57%.

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.