KBR (NYSE:KBR) Price Target Raised to $77.00 at UBS Group

KBR (NYSE:KBR - Free Report) had its price objective increased by UBS Group from $68.00 to $77.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other analysts have also weighed in on KBR. StockNews.com raised KBR from a hold rating to a buy rating in a research note on Wednesday, March 20th. Citigroup upped their target price on KBR from $66.00 to $72.00 and gave the stock a buy rating in a research report on Monday, April 22nd. KeyCorp upped their target price on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Truist Financial increased their price objective on KBR from $72.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Finally, DA Davidson increased their target price on shares of KBR from $70.00 to $78.00 and gave the company a buy rating in a report on Wednesday, May 1st. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $76.00.

KBR Price Performance

Shares of NYSE:KBR traded down $0.23 during trading on Tuesday, reaching $65.97. 1,139,242 shares of the company traded hands, compared to its average volume of 1,312,424. The company has a quick ratio of 1.10, a current 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. The firm has a market capitalization of $8.86 billion, a PE ratio of -34.36, a PEG ratio of 1.29 and a beta of 0.92. The company's 50 day moving average is $63.50 and its two-hundred day moving average is $57.47.

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

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 14th. This is an increase from KBR's previous quarterly dividend of $0.14. KBR's dividend payout ratio is currently -31.25%.

Insider Activity at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of KBR during the 4th quarter valued at about $77,193,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of KBR by 1,313.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company's stock valued at $27,294,000 after buying an additional 430,318 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in KBR by 344.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company's stock worth $32,155,000 after buying an additional 422,856 shares in the last quarter. Freshford Capital Management LLC lifted its holdings in KBR by 55.5% in the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company's stock worth $53,560,000 after purchasing an additional 344,800 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of KBR by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company's stock worth $170,915,000 after acquiring an additional 331,749 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.