KBR (NYSE:KBR) Hits New 52-Week High at $69.37

KBR, Inc. (NYSE:KBR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $69.37 and last traded at $69.00, with a volume of 390224 shares changing hands. The stock had previously closed at $68.38.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KBR. Truist Financial upped their price objective on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 16th. DA Davidson reiterated a “buy” rating and set a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. Stifel Nicolaus boosted their target price on shares of KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Citigroup increased their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.00.

KBR Trading Up 1.0 %

The stock has a market cap of $9.27 billion, a price-to-earnings ratio of -35.95, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The company’s fifty day moving average price is $64.83 and its 200-day moving average price is $61.44.

KBR (NYSE:KBR) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) 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 firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts expect that KBR, Inc. will post 3.22 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.60 annualized dividend and a yield of 0.87%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Buying and Selling at KBR

In other news, EVP Sonia Galindo sold 4,660 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $66.00, for a total value of $307,560.00. Following the sale, the executive vice president now owns 21,409 shares in the company, valued at $1,412,994. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in KBR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after buying an additional 52,679 shares in the last quarter. Franklin Resources Inc. increased its stake in KBR by 12.1% during the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after buying an additional 331,749 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of KBR by 7.0% in the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after acquiring an additional 99,196 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after purchasing an additional 1,148,503 shares during the last quarter. Finally, Norges Bank purchased a new position in KBR in the 4th quarter valued at $77,193,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.