KBR (NYSE:KBR) Receives Buy Rating from DA Davidson

DA Davidson restated their buy rating on shares of KBR (NYSE:KBR) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $78.00 price objective on the construction company’s stock.

Several other analysts have also recently weighed in on KBR. StockNews.com raised KBR from a hold rating to a buy rating in a report on Wednesday, March 20th. Truist Financial boosted their price objective on KBR from $72.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price objective on KBR from $83.00 to $84.00 and gave the stock a buy rating in a report on Thursday, May 9th. Citigroup boosted their price objective on KBR from $66.00 to $72.00 and gave the stock a buy rating in a report on Monday, April 22nd. Finally, UBS Group upped their price target on KBR from $68.00 to $77.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR presently has a consensus rating of Buy and an average price target of $76.00.

KBR Trading Down 0.1 %

Shares of KBR stock opened at $64.40 on Tuesday. The firm has a market capitalization of $8.65 billion, a PE ratio of -33.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The company’s fifty day moving average price is $64.92 and its two-hundred day moving average price is $60.01. KBR has a 52-week low of $49.37 and a 52-week high of $68.68.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts expect that KBR will post 3.21 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, June 17th. KBR’s payout ratio is -31.25%.

Insider Buying and Selling

In related news, EVP Sonia Galindo sold 4,660 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the transaction, the executive vice president now owns 21,409 shares in the company, valued at $1,412,994. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

Institutional Trading of KBR

Several large investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of KBR during the first quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of KBR during the fourth quarter valued at about $64,000. Headlands Technologies LLC acquired a new position in shares of KBR in the fourth quarter worth approximately $65,000. Anchor Investment Management LLC acquired a new position in shares of KBR in the fourth quarter worth approximately $69,000. Finally, Principal Securities Inc. acquired a new position in shares of KBR in the fourth quarter worth approximately $82,000. 97.02% of the stock is owned by institutional investors and hedge funds.

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.