KBR (NYSE:KBR) Sets New 12-Month High at $68.85

KBR, Inc. (NYSE:KBR) hit a new 52-week high on Wednesday . The stock traded as high as $68.85 and last traded at $67.53, with a volume of 394319 shares traded. The stock had previously closed at $67.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Truist Financial boosted their target price on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Citigroup upped their target price on shares of 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 KBR from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $76.00.

KBR Price Performance

The business has a 50-day simple moving average of $64.76 and a two-hundred day simple moving average of $61.18. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of -34.94, a P/E/G ratio of 1.40 and a beta of 0.90.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts predict that KBR, Inc. will post 3.22 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, June 17th. KBR’s payout ratio is -31.25%.

Insider Buying and Selling at KBR

In other news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KBR. Rise Advisors LLC acquired a new position in KBR in the 1st quarter worth approximately $25,000. CWM LLC lifted its holdings in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of KBR in the fourth quarter worth $64,000. Headlands Technologies LLC purchased a new position in shares of KBR during the fourth quarter valued at $65,000. Finally, Principal Securities Inc. acquired a new position in KBR during the fourth quarter valued at $82,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

About KBR

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.