KBR, Inc. (NYSE:KBR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of KBR, Inc. (NYSE:KBR) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $78.86.

KBR has been the subject of several research analyst reports. Citigroup increased their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp cut their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently modified their holdings of the stock. Pier 88 Investment Partners LLC boosted its holdings in shares of KBR by 25.9% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after purchasing an additional 10,420 shares during the period. GSA Capital Partners LLP bought a new stake in shares of KBR during the 3rd quarter worth approximately $771,000. Franklin Resources Inc. lifted its stake in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of KBR during the 3rd quarter worth approximately $1,928,000. Finally, Versor Investments LP bought a new stake in shares of KBR during the 3rd quarter worth approximately $1,954,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 1.5 %

NYSE KBR opened at $59.20 on Thursday. The stock’s 50-day moving average price is $60.45 and its 200-day moving average price is $63.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR has a 52 week low of $51.60 and a 52 week high of $72.60. The company has a market capitalization of $7.89 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, equities research analysts predict that KBR will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is 25.21%.

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.