KBR, Inc. (NYSE:KBR – Get Free Report) gapped up before the market opened on Tuesday after Citigroup raised their price target on the stock from $66.00 to $72.00. The stock had previously closed at $63.12, but opened at $65.62. Citigroup currently has a buy rating on the stock. KBR shares last traded at $63.69, with a volume of 201,171 shares trading hands.
A number of other research firms have also weighed in on KBR. 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 report on Wednesday, February 21st. UBS Group lowered their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Truist Financial boosted their target price on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price (up previously from $78.00) on shares of KBR in a report on Wednesday, March 13th. Finally, StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $73.00.
Get Our Latest Stock Analysis on KBR
Insider Transactions at KBR
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in KBR during the 1st quarter worth about $25,000. CWM LLC grew its holdings in KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after acquiring an additional 433 shares in the last quarter. International Assets Investment Management LLC bought a new position in KBR during the 4th quarter worth about $64,000. Headlands Technologies LLC bought a new position in KBR during the 4th quarter worth about $65,000. Finally, Ronald Blue Trust Inc. grew its holdings in KBR by 91.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock worth $69,000 after acquiring an additional 508 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.
KBR Trading Up 1.0 %
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 company’s fifty day simple moving average is $60.96 and its 200-day simple moving average is $56.78.
KBR (NYSE:KBR – Get Free Report) last released its quarterly earnings results 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 negative net margin of 3.81% and a positive return on equity of 25.08%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that KBR, Inc. will post 3.19 earnings per share for the current fiscal year.
KBR Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given 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 dividend yield of 0.94%. The ex-dividend date was Thursday, March 14th. KBR’s dividend payout ratio (DPR) is presently -29.27%.
About KBR
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.
Featured Stories
- Five stocks we like better than KBR
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Conference Calls and Individual Investors
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.