KeyCorp Cuts KBR (NYSE:KBR) Price Target to $67.00

KBR (NYSE:KBR) had its target price reduced by KeyCorp from $70.00 to $67.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other equities research analysts have also commented on the company. UBS Group boosted their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

KBR Trading Up 1.1 %

NYSE:KBR opened at $48.42 on Tuesday. KBR has a 1 year low of $47.16 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $55.49 and a two-hundred day moving average price of $61.51. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 0.86 and a beta of 0.83.

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

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KBR. Pier 88 Investment Partners LLC grew its holdings in shares of KBR by 25.9% during the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in KBR during the fourth quarter worth approximately $47,022,000. GSA Capital Partners LLP purchased a new stake in KBR in the 3rd quarter worth approximately $771,000. Franklin Resources Inc. raised its holdings in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after purchasing an additional 1,095 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.