KBR, Inc. (NYSE:KBR) Receives Average Rating of “Hold” from Analysts

KBR, Inc. (NYSE:KBR) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $61.6667.

Several brokerages recently commented on KBR. Citigroup decreased their price objective on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. DA Davidson cut their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Truist Financial set a $62.00 price target on shares of KBR in a report on Thursday, October 30th. Stifel Nicolaus lifted their price objective on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st.

Institutional Investors Weigh In On KBR

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in KBR by 207.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after buying an additional 401 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of KBR by 75.8% in the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock worth $40,000 after acquiring an additional 594 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in shares of KBR in the second quarter worth $41,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 0.1%

KBR stock opened at $42.42 on Wednesday. KBR has a 1-year low of $40.71 and a 1-year high of $72.28. The business has a fifty day moving average price of $45.93 and a 200-day moving average price of $48.87. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.85 and a beta of 0.68.

KBR (NYSE:KBR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The firm’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. Equities research analysts forecast that KBR will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. KBR’s dividend payout ratio is currently 22.68%.

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.