Stifel Nicolaus Boosts KBR (NYSE:KBR) Price Target to $80.00

Key Points

• Analysts at Stifel Nicolaus raised KBR's price target from $78.00 to $80.00, indicating a potential upside of 74.30% from the stock's previous close.
• KBR's stock has faced mixed ratings from various analysts, with four giving hold ratings and five issuing buy ratings.
• KBR's recent quarterly earnings showed a profit of $0.91 per share, surpassing estimates while reporting a 5.7% year-over-year revenue increase.

KBR (NYSE:KBR - Free Report) had its target price lifted by Stifel Nicolaus from $78.00 to $80.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company's stock.

Several other brokerages have also recently issued reports on KBR. KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Wall Street Zen downgraded KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Truist Financial dropped their target price on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. UBS Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.75.

KBR Price Performance

NYSE KBR traded up $1.52 on Friday, hitting $49.60. The company had a trading volume of 2,228,290 shares, compared to its average volume of 1,553,528. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The company's fifty day moving average price is $49.15 and its 200-day moving average price is $51.11. The company has a market capitalization of $6.39 billion, a PE ratio of 17.97, a PEG ratio of 0.98 and a beta of 0.76. KBR has a 12-month low of $43.89 and a 12-month high of $72.60.

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 the consensus estimate of $0.88 by $0.03. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%. KBR's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. As a group, analysts predict that KBR will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. KBR's dividend payout ratio is 23.91%.

Insider Activity

In other news, CEO Stuart Bradie sold 20,000 shares of the firm'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 approximately $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.11% of the company's stock.

Hedge Funds Weigh In On KBR

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after purchasing an additional 594 shares during the period. Principal Financial Group Inc. boosted its stake in shares of KBR by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock valued at $15,298,000 after buying an additional 1,343 shares during the period. Cerity Partners LLC grew its position in shares of KBR by 697.0% during the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock worth $1,361,000 after buying an additional 23,887 shares in the last quarter. KBC Group NV increased its stake in shares of KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after buying an additional 260 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of KBR by 26.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company's stock worth $335,000 after buying an additional 1,210 shares during the period. Institutional investors and hedge funds 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.