KBR Inc. (KBR) Sees Strong Trading Volume
KBR Inc. (NYSE:KBR) saw strong trading volume on Friday . 1,356,909 shares traded hands 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.
Several research analysts have recently commented on the stock. 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. Credit Suisse Group AG reissued a “buy” rating and issued a $17.00 price objective on shares of KBR in a research note on Friday, April 29th. Goldman Sachs Group Inc. upgraded shares of KBR from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $12.00 to $16.00 in a research note on Monday, March 28th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Thursday, March 24th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $14.00 price target (down previously from $16.00) on shares of KBR in a research note on Wednesday, April 6th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.89.
The firm has a 50 day moving average price of $14.04 and a 200-day moving average price of $14.31. The company has a market cap of $2.08 billion and a P/E ratio of 10.47.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, April 29th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. During the same period last year, the business earned $0.30 earnings per share. The firm had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.06 billion. The firm’s revenue for the quarter was down 30.6% on a year-over-year basis. Equities analysts expect that KBR Inc. will post $1.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, June 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, June 13th.
Other hedge funds and institutional investors recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in KBR by 28.0% in the fourth quarter. Wells Fargo & Company MN now owns 751,259 shares of the company’s stock worth $12,711,000 after buying an additional 164,552 shares during the period. Morgan Stanley raised its stake in KBR by 12.4% in the fourth quarter. Morgan Stanley now owns 1,024,048 shares of the company’s stock worth $17,327,000 after buying an additional 113,223 shares during the period. Stevens Capital Management LP acquired a new stake in KBR during the fourth quarter worth about $1,912,000. California Public Employees Retirement System raised its stake in KBR by 9.9% in the fourth quarter. California Public Employees Retirement System now owns 642,236 shares of the company’s stock worth $10,867,000 after buying an additional 58,000 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in 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 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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