KBR, Inc. (NYSE:KBR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.99 and last traded at $17.97, with a volume of 2,756,528 shares trading hands. The stock had previously closed at $17.28.
Several research analysts have issued reports on the company. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. KeyCorp set a $20.00 target price on KBR and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.40.
The stock’s 50 day moving average price is $15.80 and its 200 day moving average price is $15.09. The stock’s market capitalization is $2.44 billion.
KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a net margin of 7.22% and a return on equity of 37.99%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Equities research analysts expect that KBR, Inc. will post $1.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.84%. KBR’s payout ratio is currently -128.00%.
A number of hedge funds have recently modified their holdings of KBR. Quantbot Technologies LP purchased a new position in KBR in the 1st quarter valued at approximately $109,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in KBR by 322.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares during the period. Shelton Capital Management purchased a new position in KBR in the 2nd quarter valued at approximately $160,000. GSA Capital Partners LLP purchased a new position in KBR in the 2nd quarter valued at approximately $162,000. Finally, Paragon Capital Management Ltd purchased a new position in KBR in the 2nd quarter valued at approximately $172,000. 99.74% of the stock is owned by institutional investors.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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