KBR (NYSE:KBR) Shares Gap Up - Time to Buy?

Key Points

• KBR, Inc. saw a notable price increase, gapping up to open at $52.15 after a previous close of $47.84, with current trading at $49.97.
• Analyst ratings for KBR vary, with four analysts giving a "Buy" rating and five assigning a "Hold," leading to a consensus rating of "Hold" and an average price target of $62.78.
• The company recently declared a quarterly dividend of $0.165 per share, which equates to an annualized yield of 1.3%.

KBR, Inc. (NYSE:KBR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $47.84, but opened at $52.15. KBR shares last traded at $49.97, with a volume of 687,369 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. UBS Group cut KBR from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Bank of America cut KBR from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Finally, DA Davidson decreased their price objective on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $62.78.

KBR Stock Up 4.3%

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The stock has a 50 day simple moving average of $48.91 and a 200 day simple moving average of $50.31. The firm has a market capitalization of $6.43 billion, a PE ratio of 18.06, a PEG ratio of 0.97 and a beta of 0.73.

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

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, September 15th. KBR's dividend payout ratio (DPR) is currently 23.91%.

Institutional Investors Weigh In On KBR

A number of large investors have recently made changes to their positions in KBR. Cetera Investment Advisers grew its position in shares of KBR by 65.1% in the 4th quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company's stock worth $401,000 after buying an additional 2,729 shares during the last quarter. ProShare Advisors LLC grew its position in shares of KBR by 7.5% in the 4th quarter. ProShare Advisors LLC now owns 6,234 shares of the construction company's stock worth $361,000 after buying an additional 434 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of KBR by 76.7% during the fourth quarter. Two Sigma Advisers LP now owns 45,600 shares of the construction company's stock valued at $2,642,000 after purchasing an additional 19,800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of KBR by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 371,836 shares of the construction company's stock valued at $21,540,000 after purchasing an additional 50,805 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of KBR by 2,017.1% during the fourth quarter. Sunbelt Securities Inc. now owns 2,350 shares of the construction company's stock valued at $135,000 after purchasing an additional 2,239 shares in the last quarter. 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.

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