KBR (NYSE:KBR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of KBR (NYSE:KBR) from a hold rating to a buy rating in a report issued on Friday morning.

Other equities analysts also recently issued research reports about the stock. DA Davidson dropped their price objective on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of KBR in a report on Saturday, September 27th. Bank of America downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.78.

KBR Stock Performance

Shares of NYSE KBR opened at $47.35 on Friday. The firm’s 50-day moving average price is $49.02 and its 200-day moving average price is $50.13. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. The company has a market cap of $6.10 billion, a PE ratio of 17.15, a PEG ratio of 0.94 and a beta of 0.68. KBR has a 52-week low of $43.89 and a 52-week high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, analysts anticipate that KBR will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, September 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.4%. KBR’s dividend payout ratio (DPR) is presently 23.91%.

Institutional Investors Weigh In On KBR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBR. Norges Bank bought a new stake in shares of KBR during the second quarter valued at approximately $92,565,000. Boston Partners raised its position in shares of KBR by 35.2% during the first quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock valued at $218,648,000 after buying an additional 1,142,111 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of KBR by 5,030.1% during the first quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company’s stock valued at $45,178,000 after buying an additional 889,322 shares during the last quarter. Invesco Ltd. raised its position in shares of KBR by 16.1% during the first quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock valued at $245,347,000 after buying an additional 683,280 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of KBR during the first quarter valued at approximately $31,454,000. 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.