KBR (NYSE:KBR) Shares Gap Down – What’s Next?

KBR, Inc. (NYSE:KBR) gapped down before the market opened on Friday . The stock had previously closed at $42.80, but opened at $41.68. KBR shares last traded at $40.5550, with a volume of 332,401 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial set a $50.00 target price on KBR in a research report on Friday. Wells Fargo & Company assumed coverage on KBR in a research report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 target price on the stock. Bank of America cut their target price on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Oppenheimer initiated coverage on shares of KBR in a research note on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price target for the company. Finally, Citigroup dropped their price objective 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. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, KBR presently has a consensus rating of “Hold” and a consensus price target of $58.00.

KBR Price Performance

The stock has a market cap of $5.19 billion, a PE ratio of 14.04, a P/E/G ratio of 1.16 and a beta of 0.54. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18. The business has a 50 day moving average price of $42.67 and a two-hundred day moving average price of $46.81.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.07. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. Research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KBR. Pembroke Management LTD lifted its position in 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 buying an additional 19,995 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of KBR by 8.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock worth $196,116,000 after acquiring an additional 308,268 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of KBR by 11.7% in the 1st quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company’s stock worth $919,000 after acquiring an additional 1,938 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of KBR by 40.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 44,476 shares of the construction company’s stock valued at $2,132,000 after purchasing an additional 12,769 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of KBR by 11.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 610,834 shares of the construction company’s stock valued at $29,283,000 after purchasing an additional 63,296 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.