KBR Inc. (NYSE:KBR) dropped 3.9% during mid-day trading on Friday . The stock traded as low as $13.79 and last traded at $14.05, with a volume of 1,439,547 shares changing hands. The stock had previously closed at $14.62.

KBR has been the subject of several analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $14.00 price objective (down previously from $16.00) on shares of KBR in a research note on Wednesday, April 6th. Zacks Investment Research raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $17.00 price objective on shares of KBR in a research note on Friday, April 29th. Johnson Rice lowered shares of KBR from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Monday, May 2nd. Finally, Bank of America Corp. reaffirmed a “hold” rating on shares of KBR in a research note on Tuesday, May 24th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. KBR currently has a consensus rating of “Hold” and an average target price of $16.63.

The stock has a market capitalization of $2.00 billion and a PE ratio of 10.08. The company’s 50-day moving average is $13.97 and its 200-day moving average is $14.21.

KBR (NYSE:KBR) last released its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. Equities analysts expect that KBR Inc. will post $1.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Monday, June 13th.

Several institutional investors recently made changes to their positions in KBR. 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 valued at $3,576,000 after buying an additional 2,602 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of KBR by 9.9% in the fourth quarter. California Public Employees Retirement System now owns 642,236 shares of the company’s stock valued at $10,867,000 after buying an additional 58,000 shares during the last quarter. 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 valued at $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 valued at $1,659,000 after buying an additional 1,987 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of KBR by 12.4% in the fourth quarter. Morgan Stanley now owns 1,024,048 shares of the company’s stock valued at $17,327,000 after buying an additional 113,223 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.