KBR (NYSE:KBR) Downgraded to Hold Rating by Wall Street Zen

Key Points

• KBR has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the stock.
• Multiple research firms have adjusted their target prices for KBR, with a range from $54.00 to $80.00, showcasing varying outlooks on the company's performance.
• The company reported an EPS of $0.91 for the last quarter, beating estimates while its revenue fell short of projections.

Wall Street Zen downgraded shares of KBR (NYSE:KBR - Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday.

A number of other equities analysts also recently weighed in on KBR. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and dropped their target price for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. 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 report on Tuesday, May 27th. DA Davidson dropped their price objective on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus lifted their target price on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $62.78.

KBR Price Performance

KBR traded down $0.57 on Friday, reaching $48.81. 1,789,911 shares of the company's stock were exchanged, compared to its average volume of 1,069,269. The stock has a market cap of $6.29 billion, a PE ratio of 17.68, a P/E/G ratio of 0.97 and a beta of 0.73. KBR has a twelve month low of $43.89 and a twelve month high of $72.60. The stock's fifty day moving average price is $48.83 and its 200-day moving average price is $50.35. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13.

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

KBR Announces Dividend

The company also recently declared 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 1.4%. The ex-dividend date is Monday, September 15th. KBR's payout ratio is 23.91%.

Hedge Funds Weigh In On KBR

Several institutional investors have recently modified their holdings of KBR. EverSource Wealth Advisors LLC raised its stake in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company's stock valued at $29,000 after buying an additional 493 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company's stock worth $30,000 after purchasing an additional 266 shares during the last quarter. GAMMA Investing LLC raised its position in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after purchasing an additional 594 shares during the period. Byrne Asset Management LLC acquired a new position in KBR in the second quarter valued at $41,000. Finally, Harbor Capital Advisors Inc. purchased a new position in KBR during the first quarter worth about $47,000. 97.02% of the stock is currently 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.