KBR, Inc. (NYSE:KBR) Receives $67.57 Consensus PT from Brokerages

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $67.57.

KBR has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research report on Tuesday, May 27th. KeyCorp raised their target price on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Truist Financial dropped their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Citigroup reduced their price target on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th.

KBR Stock Up 0.8%

Shares of NYSE:KBR traded up $0.43 during trading on Friday, hitting $53.22. 1,275,027 shares of the company were exchanged, compared to its average volume of 1,342,647. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 0.86 and a beta of 0.77. KBR has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The firm has a fifty day moving average price of $52.18 and a two-hundred day moving average price of $53.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last posted 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. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. As a group, research analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. KBR's payout ratio is currently 22.07%.

Insider Buying and Selling

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction on 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 trade represents a 23.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KBR

A number of institutional investors have recently bought and sold shares of the stock. LRI Investments LLC bought a new stake in shares of KBR in the fourth quarter worth about $31,000. First Horizon Advisors Inc. purchased a new stake in KBR during the fourth quarter worth $32,000. GAMMA Investing LLC lifted its holdings in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after buying an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in KBR during the first quarter worth $47,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in KBR during the fourth quarter worth $68,000. 97.02% of the stock is owned by institutional investors.

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.