KBR (NYSE:KBR) Downgraded by StockNews.com

StockNews.com cut shares of KBR (NYSE:KBR) from a strong-buy rating to a buy rating in a research note issued to investors on Monday.

KBR has been the subject of a number of other reports. DA Davidson reiterated a buy rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. Citigroup upped their price objective on shares of KBR from $66.00 to $72.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Stifel Nicolaus increased their price objective on shares of KBR from $83.00 to $84.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, UBS Group boosted their target price on shares of KBR from $68.00 to $77.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $76.00.

KBR Price Performance

Shares of KBR stock opened at $65.99 on Monday. 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 stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -34.37, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. KBR has a twelve month low of $49.37 and a twelve month high of $69.37. The company has a 50-day simple moving average of $64.85 and a two-hundred day simple moving average of $62.78.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. Analysts forecast that KBR will post 3.24 EPS for the current year.

Insider Buying and Selling at KBR

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

Institutional Trading of KBR

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after acquiring an additional 52,679 shares during the last quarter. Franklin Resources Inc. raised its position in KBR by 12.1% in the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock valued at $170,915,000 after purchasing an additional 331,749 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of KBR by 29.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after purchasing an additional 520,207 shares in the last quarter. Wolf Hill Capital Management LP grew its holdings in shares of KBR by 37.1% during the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after purchasing an additional 507,800 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of KBR by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after buying an additional 113,140 shares during the period. 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.