KBR Inc. (KBR) Sees Strong Trading Volume
KBR Inc. (NYSE:KBR) shares saw unusually-strong trading volume on Friday . Approximately 1,356,909 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 1,363,179 shares.The stock last traded at $14.57 and had previously closed at $14.74.
A number of equities research analysts have recently weighed in on KBR shares. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Credit Suisse Group AG reiterated a “buy” rating and set a $17.00 target price on shares of KBR in a research report on Friday, April 29th. MKM Partners began coverage on shares of KBR in a research report on Wednesday, June 29th. They set a “neutral” rating and a $13.00 target price on the stock. Goldman Sachs Group Inc. upgraded shares of KBR from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $16.00 in a research report on Monday, March 28th. Finally, Johnson Rice downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research report on Monday, May 2nd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. KBR presently has a consensus rating of “Hold” and a consensus price target of $16.89.
The firm’s 50 day moving average is $14.04 and its 200-day moving average is $14.31. The company has a market capitalization of $2.08 billion and a P/E ratio of 10.47.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company earned $1,000 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 30.6% on a year-over-year basis. Equities research analysts expect that KBR Inc. will post $1.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 13th.
A number of hedge funds and institutional investors have modified their holdings of KBR. Liberty Mutual Group Asset Management Inc. boosted its position in shares of KBR by 51.6% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 93,034 shares of the company’s stock worth $1,574,000 after buying an additional 31,677 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of KBR by 2.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 98,033 shares of the company’s stock worth $1,659,000 after buying an additional 1,987 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of KBR during the fourth quarter worth approximately $1,912,000. Rhumbline Advisers boosted its position in shares of KBR by 1.2% in the fourth quarter. Rhumbline Advisers now owns 211,352 shares of the company’s stock worth $3,576,000 after buying an additional 2,602 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of KBR by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 275,811 shares of the company’s stock worth $4,667,000 after buying an additional 4,145 shares during the last quarter.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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