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

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $64.14.

A number of research analysts have weighed in on KBR shares. Citigroup decreased their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research report on Tuesday, May 27th. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $66.00 to $54.00 in a research note on Wednesday. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Finally, Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th.

KBR Stock Down 1.5%

NYSE KBR opened at $47.44 on Thursday. The business has a fifty day moving average price of $52.33 and a 200 day moving average price of $52.95. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $6.15 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.92 and a beta of 0.74. KBR has a one year low of $43.89 and a one year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Research analysts anticipate that KBR will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio (DPR) is presently 22.07%.

Insider Buying and Selling at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its holdings in shares of KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company's stock worth $1,001,000 after acquiring an additional 241 shares during the last quarter. Intech Investment Management LLC raised its position in KBR by 39.1% in the first quarter. Intech Investment Management LLC now owns 220,446 shares of the construction company's stock valued at $10,980,000 after purchasing an additional 61,937 shares during the period. Bayforest Capital Ltd lifted its stake in KBR by 158.9% during the first quarter. Bayforest Capital Ltd now owns 6,107 shares of the construction company's stock worth $304,000 after purchasing an additional 3,748 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of KBR by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company's stock worth $19,704,000 after buying an additional 23,738 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of KBR in the first quarter valued at $349,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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