Brokerages Set KBR, Inc. (NYSE:KBR) Price Target at $62.78

Key Points

• KBR, Inc. has received a consensus rating of "Hold" from nine brokerages, with five analysts recommending a hold and four a buy, while the average price target is approximately $62.78.
• CEO Stuart Bradie sold 20,000 shares of KBR stock for over $1 million, decreasing his ownership by 2.43% but still holding over 800,000 shares in the company.
• KBR has recently announced a quarterly dividend of $0.165 per share, with a payout ratio of 23.91% and an annualized dividend yield of 1.3%.

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) have earned a consensus recommendation of "Hold" from the nine research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $62.7778.

KBR has been the topic of several recent research reports. Stifel Nicolaus increased their price objective on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group cut 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. Bank of America cut KBR from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. UBS Group cut 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 report on Wednesday, July 2nd. Finally, KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd.

KBR Stock Performance

KBR traded up $1.3860 during trading hours on Friday, reaching $50.9860. The company's stock had a trading volume of 934,628 shares, compared to its average volume of 1,634,087. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $6.57 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.02 and a beta of 0.76. The company's 50-day moving average is $48.42 and its 200-day moving average is $50.54. KBR has a 52 week low of $43.89 and a 52 week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities analysts forecast that KBR will post 3.26 EPS for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. KBR's dividend payout ratio is 23.91%.

Insider Activity

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

Institutional Trading of KBR

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in KBR by 168.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 58,714 shares of the construction company's stock valued at $3,401,000 after buying an additional 36,827 shares in the last quarter. Raymond James Financial Inc. acquired a new position in KBR during the fourth quarter worth about $4,641,000. Barclays PLC lifted its holdings in shares of KBR by 78.2% in the fourth quarter. Barclays PLC now owns 111,580 shares of the construction company's stock worth $6,464,000 after acquiring an additional 48,954 shares during the last quarter. Mariner LLC boosted its stake in shares of KBR by 8.7% in the 4th quarter. Mariner LLC now owns 5,227 shares of the construction company's stock valued at $303,000 after purchasing an additional 420 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of KBR by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock valued at $570,000 after purchasing an additional 394 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

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.