KBR, Inc. (KBR) Trading 3.6% Higher
KBR, Inc. (NYSE:KBR)’s share price traded up 3.6% during trading on Monday . The company traded as high as $14.13 and last traded at $14.11, with a volume of 576,639 shares changing hands. The stock had previously closed at $13.62.
A number of equities analysts have commented on the company. Credit Suisse Group AG reissued a “buy” rating on shares of KBR in a report on Saturday, June 4th. Johnson Rice cut KBR from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Monday, May 2nd. Deutsche Bank AG reissued a “hold” rating and set a $14.00 target price (down previously from $16.00) on shares of KBR in a report on Wednesday, April 6th. Bank of America Corp. reissued a “hold” rating on shares of KBR in a report on Tuesday, May 24th. Finally, Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. KBR currently has a consensus rating of “Hold” and an average price target of $16.89.
The firm has a market capitalization of $1.99 billion and a P/E ratio of 10.03. The firm has a 50-day moving average of $14.05 and a 200 day moving average of $14.40.
KBR (NYSE:KBR) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. During the same period last year, the firm earned $0.30 EPS. The firm had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.06 billion. KBR’s revenue was down 30.6% compared to the same quarter last year. Equities research analysts anticipate that KBR, Inc. will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, June 13th.
Several large investors have recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. raised its stake 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 period. Mutual of America Capital Management LLC raised its stake 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 period. Stevens Capital Management LP purchased a new stake in shares of KBR during the fourth quarter valued at approximately $1,912,000. Rhumbline Advisers raised its stake 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 period. Finally, California State Teachers Retirement System raised its stake 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 valued at $4,667,000 after buying an additional 4,145 shares during the period.
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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