KBR (NYSE:KBR) Sets New 52-Week Low – Should You Sell?

KBR, Inc. (NYSE:KBR)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $51.31 and last traded at $51.48, with a volume of 1007495 shares changing hands. The stock had previously closed at $52.16.

Analysts Set New Price Targets

A number of brokerages have recently commented on KBR. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. KeyCorp cut their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. DA Davidson reissued a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup reduced their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Trading Down 3.3 %

The company has a 50 day moving average of $56.16 and a 200 day moving average of $61.92. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is currently 25.21%.

Hedge Funds Weigh In On KBR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of KBR in the 3rd quarter worth approximately $26,000. UMB Bank n.a. increased 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 valued at $31,000 after buying an additional 175 shares in the last quarter. LRI Investments LLC bought a new position in shares of KBR in the fourth quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new position in KBR during the 4th quarter worth about $32,000. Finally, Eastern Bank bought a new stake in KBR during the 3rd quarter worth about $65,000. 97.02% of the stock is currently 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.