KBR (NYSE:KBR) Reaches New 1-Year High – Should You Buy?

Shares of KBR, Inc. (NYSE:KBR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.55 and last traded at $69.40, with a volume of 96514 shares changing hands. The stock had previously closed at $69.09.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of analyst reports. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. DA Davidson reiterated a “buy” rating and issued a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. Finally, KeyCorp increased their price objective on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.75.

KBR Stock Performance

The firm has a 50-day moving average price of $65.32 and a 200 day moving average price of $65.03. The firm has a market capitalization of $9.33 billion, a PE ratio of -36.21, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. Research analysts expect that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.08% of the company’s stock.

Institutional Trading of KBR

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares during the last quarter. CWM LLC grew its holdings in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares in the last quarter. Blue Trust Inc. boosted its holdings in KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in KBR in the 1st quarter valued at approximately $25,000. Institutional investors and hedge funds 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.