KBR (NYSE:KBR) PT Raised to $84.00 at Stifel Nicolaus

KBR (NYSE:KBR - Free Report) had its target price upped by Stifel Nicolaus from $83.00 to $84.00 in a report issued on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company's stock.

A number of other analysts have also commented on the stock. Truist Financial lifted their price target on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a research note 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 note on Friday, February 2nd. StockNews.com upgraded shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Citigroup upped 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. Finally, KeyCorp raised their price objective on shares of KBR from $63.00 to $65.00 and gave the company an overweight rating in a research report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $74.00.

KBR Trading Up 0.1 %

Shares of NYSE:KBR traded up $0.05 on Thursday, reaching $66.54. 1,290,814 shares of the company traded hands, compared to its average volume of 1,323,312. The stock has a market capitalization of $8.93 billion, a P/E ratio of -34.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. The business's 50-day simple moving average is $63.04 and its 200 day simple moving average is $57.24. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR has a 52 week low of $49.37 and a 52 week high of $68.68.

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

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. This is a positive change from KBR's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Thursday, March 14th. KBR's dividend payout ratio (DPR) is presently -31.25%.

Insiders Place Their Bets

In other news, EVP Jennifer Myles sold 8,000 shares of the company'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 completion of the sale, the executive vice president now owns 38,524 shares of the company's stock, valued at $2,270,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is owned by company insiders.

Hedge Funds Weigh In On KBR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in KBR in the first quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of KBR during the fourth quarter worth $64,000. Headlands Technologies LLC purchased a new position in KBR in the fourth quarter valued at $65,000. Anchor Investment Management LLC acquired a new stake in KBR in the fourth quarter valued at $69,000. Finally, Principal Securities Inc. purchased a new stake in KBR during the 4th quarter worth about $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.