KBR (NYSE:KBR) Sets New 1-Year High at $66.01

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $66.01 and last traded at $65.96, with a volume of 239939 shares traded. The stock had previously closed at $65.30.

Analysts Set New Price Targets

A number of research firms have weighed in on KBR. Stifel Nicolaus boosted their target price on shares of KBR from $80.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, April 23rd. Truist Financial raised their target price on KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, April 9th. UBS Group dropped their price target on KBR from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. Citigroup lifted their price objective on KBR from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, April 22nd. Finally, StockNews.com raised shares of KBR from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR currently has a consensus rating of "Buy" and an average target price of $73.43.

KBR Price Performance

The business's 50-day moving average price is $62.01 and its 200 day moving average price is $56.92. The company has a market capitalization of $8.88 billion, a P/E ratio of -32.19, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Analysts anticipate that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. This is a boost from KBR's previous quarterly dividend of $0.14. KBR's dividend payout ratio (DPR) is presently -29.27%.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the sale, the executive vice president now owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On KBR

Institutional investors have recently modified their holdings of the company. CWM LLC boosted its stake in shares of KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company's stock valued at $48,000 after purchasing an additional 433 shares in the last quarter. SG Americas Securities LLC boosted its position in KBR by 304.5% during the third quarter. SG Americas Securities LLC now owns 9,922 shares of the construction company's stock valued at $585,000 after buying an additional 7,469 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of KBR by 3.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,071 shares of the construction company's stock valued at $770,000 after buying an additional 450 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of KBR by 22.1% in the third quarter. Ceredex Value Advisors LLC now owns 280,350 shares of the construction company's stock worth $16,562,000 after buying an additional 50,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of KBR by 12.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,859 shares of the construction company's stock valued at $1,583,000 after acquiring an additional 2,957 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.