KBR (NYSE:KBR) Price Target Raised to $84.00 at Stifel Nicolaus

KBR (NYSE:KBR) had its price target upped by Stifel Nicolaus from $83.00 to $84.00 in a report issued on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently commented on the company. DA Davidson lifted their target price on KBR from $70.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. KeyCorp raised their target price on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday, February 21st. Citigroup upped their price target on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a research report on Monday, April 22nd. StockNews.com raised shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Finally, UBS Group reduced their price objective on KBR from $65.00 to $63.00 and set a buy rating for the company in a research note on Friday, February 2nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of $74.00.

KBR Trading Down 0.1 %

KBR opened at $66.50 on Thursday. The business’s 50-day simple moving average is $63.30 and its 200-day simple moving average is $57.35. The company has a market cap of $8.93 billion, a P/E ratio of -34.64, a PEG ratio of 1.29 and a beta of 0.92. KBR has a one year low of $49.37 and a one year high of $68.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. As a group, equities research analysts expect that KBR will post 3.21 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s payout ratio is -31.25%.

Insider Buying and Selling

In other news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the transaction, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.08% of the company’s stock.

Institutional Trading of KBR

A number of hedge funds have recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in shares of KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after purchasing an additional 99,196 shares during the last quarter. UBS Group AG grew its holdings in KBR by 14.6% in the 3rd quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after buying an additional 54,623 shares during the period. Custom Index Systems LLC acquired a new position in shares of KBR during the 4th quarter valued at about $275,000. Strs Ohio lifted its holdings in shares of KBR by 212.1% during the 3rd quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock worth $5,276,000 after acquiring an additional 60,840 shares during the period. Finally, AXQ Capital LP boosted its position in shares of KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock worth $1,438,000 after acquiring an additional 21,300 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.