KBR (NYSE:KBR) Price Target Raised to $78.00 at DA Davidson

KBR (NYSE:KBR) had its target price upped by DA Davidson from $70.00 to $78.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other equities analysts also recently issued reports on KBR. UBS Group lowered their price target on KBR from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, February 2nd. Citigroup upped their price target on KBR from $66.00 to $72.00 and gave the company a buy rating in a report on Monday, April 22nd. KeyCorp upped their price target on KBR from $63.00 to $65.00 and gave the company an overweight rating in a report on Wednesday, February 21st. Truist Financial increased their price objective on KBR from $72.00 to $90.00 and gave the company a buy rating in a report on Tuesday, April 9th. Finally, StockNews.com raised KBR from a hold rating to a buy rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR presently has a consensus rating of Buy and an average price target of $73.86.

KBR Stock Up 1.0 %

KBR stock opened at $65.56 on Wednesday. The company’s 50 day moving average price is $62.15 and its 200 day moving average price is $56.95. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $66.60. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of -31.98, a PEG ratio of 1.40 and a beta of 0.95.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. On average, equities research analysts anticipate that KBR will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. KBR’s dividend payout ratio (DPR) is currently -29.27%.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Several hedge funds have recently modified their holdings of KBR. Rise Advisors LLC acquired a new stake in shares of KBR during the first quarter worth $25,000. CWM LLC raised its position in KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after acquiring an additional 433 shares in the last quarter. International Assets Investment Management LLC purchased a new position in KBR in the fourth quarter worth $64,000. Headlands Technologies LLC purchased a new position in KBR in the fourth quarter worth $65,000. Finally, Anchor Investment Management LLC purchased a new position in KBR in the fourth quarter worth $69,000. 97.02% of the stock is owned by institutional investors and hedge funds.

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.