KBR, Inc. (NYSE:KBR) Given Consensus Rating of "Buy" by Brokerages

KBR, Inc. (NYSE:KBR - Get Free Report) has received an average rating of "Buy" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $72.29.

A number of equities analysts recently issued reports on KBR shares. StockNews.com upgraded shares of KBR from a "hold" rating to a "buy" rating in a research note on Wednesday, March 20th. KeyCorp upped their price target on shares of KBR from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. Citigroup upped their price target on shares of KBR from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. Truist Financial boosted their target price on KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, UBS Group decreased their target price on KBR from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, February 2nd.

Insiders Place Their Bets

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 value of $471,600.00. Following the completion of the transaction, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by corporate insiders.

Institutional Trading of KBR

Institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in KBR in the first quarter worth $25,000. VisionPoint Advisory Group LLC purchased a new stake in KBR in the second quarter worth $27,000. CWM LLC increased its stake in KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company's stock worth $48,000 after purchasing an additional 433 shares during the period. Fred Alger Management LLC purchased a new stake in KBR in the third quarter worth $36,000. Finally, Belpointe Asset Management LLC increased its stake in KBR by 35.5% in the first quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company's stock worth $48,000 after purchasing an additional 228 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Down 0.2 %

KBR stock traded down $0.12 on Tuesday, hitting $64.22. 1,296,848 shares of the stock traded hands, compared to its average volume of 1,333,121. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm has a market cap of $8.65 billion, a P/E ratio of -31.33, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. The business's fifty day simple moving average is $59.25 and its 200 day simple moving average is $56.53. KBR has a 1 year low of $49.37 and a 1 year high of $65.87.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, sell-side analysts forecast that KBR will post 3.2 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.93%. This is a positive change from KBR's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 14th. KBR's dividend payout ratio is currently -29.27%.

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.