KBR, Inc. (NYSE:KBR) Given Average Rating of "Hold" by Brokerages

Key Points

• KBR, Inc. has received a consensus rating of "Hold" from seven analysts, with four recommending to hold and three issuing buy ratings.
• The company reported $0.98 EPS in its latest quarterly earnings, surpassing expectations and showing a year-over-year revenue increase of 13.0%.
• KBR recently declared a quarterly dividend of $0.165 per share, reflecting an annualized yield of 1.40% and a payout ratio of 22.07%.

KBR, Inc. (NYSE:KBR - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $64.14.

A number of equities research analysts have issued reports on KBR shares. Truist Financial reduced their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Finally, Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th.

Insider Buying and Selling

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the transaction, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On KBR

Several institutional investors and hedge funds have recently added to or reduced their stakes in KBR. Vanguard Group Inc. boosted its holdings in KBR by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after purchasing an additional 68,588 shares during the last quarter. Invesco Ltd. lifted its holdings in KBR by 16.1% during the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock worth $245,347,000 after buying an additional 683,280 shares during the last quarter. Boston Partners lifted its holdings in KBR by 35.2% during the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock worth $218,648,000 after buying an additional 1,142,111 shares during the last quarter. Franklin Resources Inc. lifted its holdings in KBR by 18.7% during the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock worth $166,167,000 after buying an additional 451,887 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in KBR by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock worth $120,891,000 after buying an additional 244,094 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Up 2.3%

Shares of NYSE KBR traded up $1.03 during mid-day trading on Monday, reaching $46.55. 1,561,888 shares of the company's stock were exchanged, compared to its average volume of 1,528,141. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.89 and a beta of 0.74. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The company's 50-day moving average is $49.42 and its 200-day moving average is $51.48.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. KBR had a return on equity of 32.55% and a net margin of 4.99%. During the same quarter in the previous year, the business posted $0.83 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that KBR will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a $0.165 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.42%. KBR's payout ratio is currently 22.07%.

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.