KBR (NYSE:KBR) Sets New 52-Week Low – Time to Sell?

Shares of KBR, Inc. (NYSE:KBR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $40.47 and last traded at $40.65, with a volume of 428225 shares. The stock had previously closed at $42.07.

Analyst Ratings Changes

A number of research firms have recently commented on KBR. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Citigroup dropped their price target on shares of KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Stifel Nicolaus boosted their price target on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Truist Financial set a $62.00 price objective on shares of KBR in a report on Thursday, October 30th. Finally, Bank of America dropped their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $59.00.

KBR Price Performance

The stock’s fifty day moving average price is $45.50 and its 200-day moving average price is $48.64. The firm has a market cap of $5.15 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

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

Hedge Funds Weigh In On KBR

A number of institutional investors have recently added to or reduced their stakes in KBR. Pembroke Management LTD increased its stake in shares of KBR by 9.1% in the 2nd quarter. Pembroke Management LTD now owns 240,806 shares of the construction company’s stock worth $11,544,000 after acquiring an additional 19,995 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of KBR by 697.0% in the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 23,887 shares during the period. Cetera Investment Advisers increased its position in KBR by 22.1% during the first quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock worth $421,000 after purchasing an additional 1,531 shares during the last quarter. Hsbc Holdings PLC increased its position in KBR by 11.7% during the first quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company’s stock worth $919,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in KBR during the first quarter worth about $1,081,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.