KBR (NYSE:KBR) Stock Rating Lowered by UBS Group

KBR (NYSE:KBR - Get Free Report) was downgraded by UBS Group from a "buy" rating to a "neutral" rating in a note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $54.00 price target on the construction company's stock, down from their prior price target of $66.00. UBS Group's price target suggests a potential upside of 13.83% from the company's previous close.

Several other research firms have also recently weighed in on KBR. KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Citigroup cut their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a report on Tuesday, May 27th. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.14.

KBR Stock Down 1.5%

Shares of KBR stock traded down $0.71 during trading on Wednesday, reaching $47.44. 1,468,997 shares of the company traded hands, compared to its average volume of 1,379,812. The firm has a market capitalization of $6.15 billion, a PE ratio of 15.87, a P/E/G ratio of 0.92 and a beta of 0.74. KBR has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a 50 day moving average price of $52.41 and a 200-day moving average price of $52.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.99% and a return on equity of 32.55%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $0.77 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts expect that KBR will post 3.26 earnings per share for the current fiscal year.

Insider Activity at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the transaction, the chief executive officer owned 802,361 shares of the company's stock, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On KBR

Hedge funds have recently added to or reduced their stakes in the company. Boston Partners boosted its stake in shares of KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Norges Bank bought a new stake in KBR in the fourth quarter worth $104,033,000. Wellington Management Group LLP boosted its position in KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock valued at $95,776,000 after buying an additional 1,167,282 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of KBR by 444.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after buying an additional 1,018,539 shares during the last quarter. Finally, Nomura Holdings Inc. increased its holdings in shares of KBR by 5,030.1% in the first quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company's stock worth $45,178,000 after buying an additional 889,322 shares during the period. Institutional investors own 97.02% of the company's stock.

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.