KBR (NYSE:KBR) Reaches New 12-Month Low - What's Next?

Key Points

• KBR, Inc. has reached a new 52-week low, trading at $42.94, with the stock's last trade at $43.03, down from a previous close of $43.76.
• Analysts have issued mixed ratings, with DA Davidson lowering its price target from $72.00 to $65.00 while UBS Group adjusted their rating from "buy" to "neutral" with a target of $54.00.
• KBR recently announced a quarterly dividend of $0.165 per share, representing a 1.5% yield and set to be paid on January 15th, 2025 to shareholders of record on December 15th, 2024.

KBR, Inc. (NYSE:KBR - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $42.94 and last traded at $43.03, with a volume of 94815 shares trading hands. The stock had previously closed at $43.76.

Analyst Upgrades and Downgrades

KBR has been the subject of several recent research reports. DA Davidson reduced their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. UBS Group cut KBR from a "buy" rating to a "neutral" rating and reduced their price target for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Weiss Ratings restated a "hold (c-)" rating on shares of KBR in a research note on Wednesday, October 8th. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Finally, Stifel Nicolaus upped their price objective on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.78.

KBR Stock Performance

The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.88 and a beta of 0.68. The company has a fifty day moving average of $48.58 and a two-hundred day moving average of $49.79. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the company earned $0.83 EPS. The company'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. As a group, equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR's dividend payout ratio (DPR) is 23.91%.

Hedge Funds Weigh In On KBR

A number of hedge funds have recently added to or reduced their stakes in the stock. Boston Partners increased its stake in shares of KBR by 25.6% in the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company's stock valued at $264,474,000 after purchasing an additional 1,122,076 shares during the last quarter. Invesco Ltd. increased its stake in shares of KBR by 11.0% in the 2nd quarter. Invesco Ltd. now owns 5,465,232 shares of the construction company's stock valued at $262,003,000 after purchasing an additional 539,565 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of KBR by 8.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company's stock valued at $196,116,000 after purchasing an additional 308,268 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of KBR by 17.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company's stock valued at $163,929,000 after acquiring an additional 517,633 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of KBR by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock valued at $120,891,000 after acquiring an additional 244,094 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

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.

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