KeyCorp Cuts KBR (NYSE:KBR) Price Target to $59.00

KBR (NYSE:KBR - Get Free Report) had its price objective decreased by investment analysts at KeyCorp from $67.00 to $59.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. KeyCorp's price target would suggest a potential upside of 18.59% from the company's previous close.

Several other equities analysts have also recently issued reports on KBR. The Goldman Sachs Group decreased their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Truist Financial lowered their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.13.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.76 during trading on Wednesday, hitting $49.75. The stock had a trading volume of 224,272 shares, compared to its average volume of 1,303,031. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR has a 12-month low of $43.89 and a 12-month high of $72.60. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The stock has a 50-day simple moving average of $50.27 and a two-hundred day simple moving average of $57.51.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. On average, equities research analysts expect that KBR will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.11% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares during the last quarter. Utah Retirement Systems grew its holdings in shares of KBR by 2.9% in the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock valued at $417,000 after purchasing an additional 200 shares during the period. Cetera Trust Company N.A increased its position in KBR by 5.6% during the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock worth $188,000 after purchasing an additional 200 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock valued at $239,000 after purchasing an additional 203 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after purchasing an additional 275 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.