KBR (NYSE:KBR) Lifted to Strong-Buy at StockNews.com

KBR (NYSE:KBR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other analysts have also recently weighed in on KBR. DA Davidson reissued a “buy” rating and set a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KBR has an average rating of “Buy” and an average target price of $75.50.

KBR Stock Performance

Shares of NYSE:KBR opened at $64.17 on Friday. The stock has a market capitalization of $8.62 billion, a P/E ratio of -33.42, a P/E/G ratio of 1.32 and a beta of 0.90. KBR has a 1-year low of $49.37 and a 1-year high of $69.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $65.18 and a two-hundred day moving average price of $64.54.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. Equities analysts predict that KBR will post 3.25 earnings per share for the current year.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On KBR

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after purchasing an additional 52,679 shares during the period. D. E. Shaw & Co. Inc. boosted its position in KBR by 29.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after acquiring an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP boosted its position in KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after acquiring an additional 507,800 shares during the last quarter. Bank of New York Mellon Corp boosted its position in KBR by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock worth $114,090,000 after acquiring an additional 113,140 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock worth $113,331,000 after acquiring an additional 196,693 shares during the last quarter. 97.02% of the stock is currently 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.