KBR, Inc. (NYSE:KBR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of KBR, Inc. (NYSE:KBR) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $76.00.

KBR has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Truist Financial increased their price target on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Citigroup boosted their price target on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Finally, UBS Group upped their price target on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th.

Insider Buying and Selling at KBR

In other news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the sale, the executive vice president now owns 21,409 shares in the company, valued at $1,412,994. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in KBR in the 1st quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in KBR during the 4th quarter worth $64,000. Headlands Technologies LLC acquired a new position in KBR in the 4th quarter valued at $65,000. Anchor Investment Management LLC bought a new stake in shares of KBR during the 4th quarter valued at $69,000. Finally, Principal Securities Inc. acquired a new stake in shares of KBR during the 4th quarter worth $82,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Up 0.6 %

KBR opened at $64.20 on Friday. The firm’s fifty day simple moving average is $64.99 and its 200 day simple moving average is $60.07. The stock has a market capitalization of $8.62 billion, a P/E ratio of -33.44, a P/E/G ratio of 1.34 and a beta of 0.93. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR has a 12 month low of $49.37 and a 12 month high of $68.68.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. KBR’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts anticipate that KBR will post 3.21 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, June 17th. KBR’s payout ratio is -31.25%.

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.