KBR, Inc. (NYSE:KBR) Given Average Rating of “Buy” by Brokerages

KBR, Inc. (NYSE:KBR) has received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $76.00.

Several analysts have recently commented on KBR shares. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. 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. DA Davidson reiterated a “buy” rating and set a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. Finally, Stifel Nicolaus boosted their price objective on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th.

Insider Activity

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Several large investors have recently bought and sold shares of KBR. RK Capital Management LLC grew its position in shares of KBR by 37.4% during the fourth quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock worth $14,303,000 after buying an additional 70,327 shares in the last quarter. CenterBook Partners LP raised its holdings in shares of KBR by 341.8% in the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after purchasing an additional 39,726 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of KBR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares during the last quarter. Norden Group LLC grew its stake in shares of KBR by 1,030.1% during the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after purchasing an additional 67,634 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in KBR in the first quarter valued at $868,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Price Performance

NYSE:KBR opened at $66.40 on Friday. KBR has a one year low of $49.37 and a one year high of $69.50. The stock has a market cap of $8.92 billion, a PE ratio of -34.58, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $65.87 and a 200 day moving average price of $64.22.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts expect that KBR will post 3.24 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

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.