KBR (NYSE:KBR) Shares Gap Down - Here's What Happened

KBR, Inc. (NYSE:KBR - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $52.78, but opened at $50.67. KBR shares last traded at $50.16, with a volume of 1,079,902 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KBR. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Citigroup reduced their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial lowered their price objective 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. KeyCorp boosted their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, KBR presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.57.

KBR Price Performance

The stock's 50 day moving average is $52.76 and its two-hundred day moving average is $53.66. The stock has a market capitalization of $6.46 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.00 and a beta of 0.77. 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 announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. As a group, sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, June 13th. KBR's payout ratio is 22.07%.

Hedge Funds Weigh In On KBR

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

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