KBR (NYSE:KBR) Share Price Breaks Below Two Hundred Day Moving Average - What's Next?

Key Points

• KBR shares fell below their 200-day moving average, trading as low as $36.25 versus the average of $36.98, and last changed hands at $36.36.
• Analysts have a consensus “Hold” rating and an average price target of $44.83; recent target changes were mixed.
• KBR reported quarterly EPS of $1.12, beating estimates of $1.00, while revenue of $2.03 billion came in slightly below forecasts. The company also declared a $0.165 quarterly dividend, equivalent to a 1.8% yield.

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.98 and traded as low as $36.25. KBR shares last traded at $36.3580, with a volume of 3,353,744 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of KBR from $36.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Weiss Ratings upgraded KBR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, September 3rd. Wells Fargo & Company upped their price objective on KBR from $35.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, November 2nd. Oppenheimer decreased their target price on KBR from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, September 22nd. Finally, Bank of America reduced their price target on shares of KBR from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, KBR currently has a consensus rating of "Hold" and a consensus price target of $44.83.

KBR Stock Down 6.5%

The stock has a fifty day moving average price of $36.74 and a 200 day moving average price of $36.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $4.59 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 2.10 and a beta of 0.42.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.04 billion. KBR had a return on equity of 31.66% and a net margin of 5.65%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share. On average, research analysts forecast that KBR, Inc. will post 4.01 earnings per share for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be given a $0.1650 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.8%. KBR's payout ratio is presently 18.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners raised its holdings in shares of KBR by 22.1% during the third quarter. Boston Partners now owns 600,746 shares of the construction company's stock valued at $21,122,000 after acquiring an additional 108,561 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of KBR during the 3rd quarter valued at $276,000. Voya Investment Management LLC lifted its position in KBR by 6.2% during the 3rd quarter. Voya Investment Management LLC now owns 10,190 shares of the construction company's stock valued at $358,000 after acquiring an additional 591 shares during the period. Public Sector Pension Investment Board purchased a new stake in KBR in the third quarter worth about $3,869,000. Finally, Rothschild Investment LLC increased its stake in shares of KBR by 1.7% during the third quarter. Rothschild Investment LLC now owns 47,312 shares of the construction company's stock valued at $1,663,000 after purchasing an additional 801 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Company Profile

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.

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