UBS Group Raises KBR (NYSE:KBR) Price Target to $78.00

KBR (NYSE:KBR) had its price objective lifted by UBS Group from $77.00 to $78.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on KBR. DA Davidson increased their price target on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp raised their price objective on shares of KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.88.

KBR Stock Performance

KBR stock opened at $68.28 on Wednesday. The stock has a market cap of $9.17 billion, a PE ratio of -35.56, a P/E/G ratio of 1.45 and a beta of 0.90. 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 has a 12-month low of $49.37 and a 12-month high of $71.38. The business’s 50-day moving average price is $66.29 and its two-hundred day moving average price is $65.46.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.84. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, analysts expect that KBR will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.88%. KBR’s payout ratio is -31.25%.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Institutional Trading of KBR

Large investors have recently bought and sold shares of the business. Norden Group LLC boosted its position in shares of KBR by 1,030.1% during the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock valued at $4,723,000 after purchasing an additional 67,634 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of KBR during the 1st quarter worth approximately $868,000. Retirement Systems of Alabama grew its position in shares of KBR by 73.9% during the 1st quarter. Retirement Systems of Alabama now owns 326,319 shares of the construction company’s stock worth $20,773,000 after buying an additional 138,633 shares during the period. Boston Partners increased its stake in shares of KBR by 49.4% in the 1st quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after acquiring an additional 28,091 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of KBR by 27.5% during the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after acquiring an additional 15,651 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.