KBR (NYSE:KBR) Rating Increased to Strong-Buy at StockNews.com

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

Other analysts have also issued research reports about the company. UBS Group lifted their target price on KBR from $68.00 to $77.00 and gave the stock a buy rating in a report on Tuesday, May 14th. Citigroup lifted their target price on KBR from $66.00 to $72.00 and gave the stock a buy rating in a report on Monday, April 22nd. DA Davidson reissued a buy rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. Stifel Nicolaus lifted their target price on KBR from $83.00 to $84.00 and gave the stock a buy rating in a report on Thursday, May 9th. Finally, Truist Financial lifted their target price on KBR from $72.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Seven research 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 has a consensus rating of Buy and an average target price of $76.00.

KBR Stock Down 1.0 %

KBR stock opened at $65.31 on Thursday. KBR has a twelve month low of $49.37 and a twelve month high of $69.37. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market cap of $8.69 billion, a PE ratio of -34.02, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. The business has a 50 day moving average of $64.90 and a 200 day moving average of $62.22.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, June 17th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Insider Activity at KBR

In related news, EVP Sonia Galindo sold 4,660 shares of KBR 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 transaction, the executive vice president now directly 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 is available through the SEC website. 1.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategy Asset Managers LLC bought a new stake in KBR during the second quarter valued at about $277,000. Larson Financial Group LLC raised its holdings in KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Pembroke Management LTD raised its holdings in KBR by 74.9% during the second quarter. Pembroke Management LTD now owns 225,728 shares of the construction company’s stock valued at $14,478,000 after acquiring an additional 96,683 shares during the period. Natixis Advisors LLC raised its holdings in KBR by 88.9% during the second quarter. Natixis Advisors LLC now owns 41,289 shares of the construction company’s stock valued at $2,648,000 after acquiring an additional 19,430 shares during the period. Finally, Van ECK Associates Corp raised its holdings in KBR by 85.2% during the second quarter. Van ECK Associates Corp now owns 523,020 shares of the construction company’s stock valued at $33,547,000 after acquiring an additional 240,677 shares during the period. 97.02% of the stock is currently 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.