KBR (NYSE:KBR) Cut to Buy at StockNews.com

StockNews.com lowered shares of KBR (NYSE:KBR) from a strong-buy rating to a buy rating in a research report released on Wednesday.

A number of other research firms also recently issued reports on KBR. UBS Group raised their price objective on shares of KBR from $68.00 to $77.00 and gave the stock a buy rating in a report on Tuesday, May 14th. Stifel Nicolaus boosted their price objective on shares of KBR from $83.00 to $84.00 and gave the company a buy rating in a research note on Thursday, May 9th. Citigroup lifted their target price 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. Truist Financial boosted their price objective on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Finally, DA Davidson reaffirmed a buy rating and issued a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average price target of $76.00.

KBR Stock Down 1.3 %

Shares of NYSE KBR opened at $65.77 on Wednesday. The firm has a market cap of $8.83 billion, a PE ratio of -34.26, a P/E/G ratio of 1.38 and a beta of 0.90. KBR has a 12-month low of $49.37 and a 12-month high of $69.37. The company’s fifty day simple moving average is $64.91 and its 200 day simple moving average is $61.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that KBR will post 3.23 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. 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 company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the sale, the executive vice president now owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Large investors have recently bought and sold shares of the business. Rise Advisors LLC bought a new stake in KBR in the first quarter worth $25,000. CWM LLC raised 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 acquiring an additional 231 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of KBR in the fourth quarter valued at about $64,000. Headlands Technologies LLC bought a new stake in shares of KBR in the fourth quarter valued at about $65,000. Finally, Fifth Third Bancorp raised its holdings in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 shares in the last quarter. 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.