KBR (NYSE:KBR) Reaches New 52-Week High at $70.12

KBR, Inc. (NYSE:KBR - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $70.12 and last traded at $70.12, with a volume of 163 shares changing hands. The stock had previously closed at $66.79.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KBR shares. KeyCorp increased their price target on shares of KBR from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. UBS Group cut their target price on shares of KBR from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, February 2nd. Citigroup raised their price target on KBR from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. StockNews.com raised shares of KBR from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th. Finally, Truist Financial upped their price target on shares of KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR presently has a consensus rating of "Buy" and a consensus price target of $73.86.

KBR Price Performance

The company has a fifty day moving average of $62.58 and a 200 day moving average of $57.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $9.13 billion, a P/E ratio of -35.42, a PEG ratio of 1.29 and a beta of 0.92.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. Sell-side analysts predict that KBR, Inc. will post 3.21 earnings per share for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. This is a boost from KBR's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. KBR's dividend payout ratio is -31.25%.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of 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 document filed with the SEC, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of KBR in the 1st quarter worth about $25,000. International Assets Investment Management LLC bought a new position in shares of KBR during the fourth quarter valued at $64,000. Headlands Technologies LLC bought a new stake in KBR during the 4th quarter valued at about $65,000. Anchor Investment Management LLC purchased a new stake in shares of KBR during the fourth quarter valued at approximately $69,000. Finally, Principal Securities Inc. bought a new stake in shares of KBR during the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors 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.