KBR (NYSE:KBR) Price Target Raised to $84.00 at DA Davidson

KBR (NYSE:KBR) had its target price raised by DA Davidson from $78.00 to $84.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on KBR. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Friday, September 6th. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. KeyCorp raised their price target on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

KBR Price Performance

Shares of KBR stock opened at $67.20 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $9.02 billion, a PE ratio of -35.00, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The firm’s 50-day moving average is $66.23 and its two-hundred day moving average is $65.40. KBR has a 12 month low of $49.37 and a 12 month high of $71.38.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts predict that KBR will post 3.25 earnings per share for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. KBR’s payout ratio is -31.25%.

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System boosted its holdings in shares of KBR by 2.2% in the first quarter. State of Michigan Retirement System now owns 33,111 shares of the construction company’s stock valued at $2,108,000 after acquiring an additional 700 shares in the last quarter. Norden Group LLC increased its position in KBR by 1,030.1% during the 1st 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 during the period. Van ECK Associates Corp raised its stake in shares of KBR by 294.2% during the 1st quarter. Van ECK Associates Corp now owns 282,343 shares of the construction company’s stock worth $17,974,000 after buying an additional 210,717 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of KBR by 73.9% in the 1st quarter. Retirement Systems of Alabama now owns 326,319 shares of the construction company’s stock valued at $20,773,000 after buying an additional 138,633 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in shares of KBR in the first quarter valued at approximately $352,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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.