KBR (NYSE:KBR) Price Target Increased to $82.00 by Analysts at Citigroup

KBR (NYSE:KBR) had its price target boosted by Citigroup from $76.00 to $82.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the stock. KeyCorp lifted their price objective on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. DA Davidson reissued a “buy” rating and issued a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. TD Cowen downgraded 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. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average price target of $78.00.

KBR Stock Performance

Shares of KBR opened at $70.40 on Tuesday. The firm’s 50 day moving average is $66.02 and its 200-day moving average is $65.28. The stock has a market capitalization of $9.45 billion, a P/E ratio of -36.67, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR has a 12-month low of $49.37 and a 12-month high of $71.38.

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

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio is presently -31.25%.

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 shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by insiders.

Institutional Trading of KBR

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its stake in KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC lifted its stake in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP lifted its stake in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after acquiring an additional 673 shares during the last quarter. Eastern Bank acquired a new stake in KBR in the third quarter valued at approximately $65,000. Finally, Fifth Third Bancorp lifted its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after acquiring an additional 179 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.