KBR, Inc. (NYSE:KBR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) have been given an average rating of "Moderate Buy" by the seven ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.57.

Several equities analysts recently commented on the company. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen downgraded KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday. 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 note on Tuesday, May 27th. KeyCorp upped their price objective on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.11% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. LRI Investments LLC purchased a new position in KBR in the fourth quarter worth $31,000. First Horizon Advisors Inc. purchased a new position in KBR in the fourth quarter worth $32,000. GAMMA Investing LLC grew its position in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in KBR in the first quarter worth $47,000. Finally, UMB Bank n.a. grew its position in KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after acquiring an additional 780 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Price Performance

Shares of NYSE KBR opened at $53.50 on Friday. KBR has a twelve month low of $43.89 and a twelve month high of $72.60. The stock's 50 day moving average price is $52.06 and its 200-day moving average price is $54.11. The company has a market capitalization of $6.94 billion, a PE ratio of 22.48, a PEG ratio of 0.86 and a beta of 0.77. 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 (NYSE:KBR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The company's revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that KBR will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, June 13th. KBR's payout ratio is 22.07%.

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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