KBR (NYSE:KBR) Stock Rating Lowered by The Goldman Sachs Group

KBR (NYSE:KBR - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $55.00 price target on the construction company's stock. The Goldman Sachs Group's price target indicates a potential upside of 5.38% from the stock's current price.

A number of other research analysts have also recently issued reports on KBR. Citigroup dropped their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. KeyCorp raised 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, Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.57.

KBR Price Performance

Shares of KBR traded up $0.76 during mid-day trading on Tuesday, hitting $52.19. The company's stock had a trading volume of 1,445,305 shares, compared to its average volume of 1,340,126. 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 has a 1-year low of $43.89 and a 1-year high of $72.60. The firm has a market capitalization of $6.77 billion, a P/E ratio of 21.93, a P/E/G ratio of 0.86 and a beta of 0.83. The firm has a 50-day simple moving average of $51.89 and a 200 day simple moving average of $54.44.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company earned $0.77 earnings per share. KBR's quarterly revenue was up 13.0% compared to the same quarter last year. Analysts predict that KBR will post 3.26 EPS for the current fiscal year.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the 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 of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On KBR

Hedge funds have recently modified their holdings of the stock. LRI Investments LLC acquired a new position in shares of KBR in the fourth quarter worth about $31,000. First Horizon Advisors Inc. purchased a new stake in KBR during the 4th quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in shares of KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after buying an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of KBR during the first quarter worth approximately $47,000. Finally, UMB Bank n.a. grew its position in shares of KBR by 146.9% during the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after buying an additional 780 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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.