KBR, Inc. (NYSE:KBR) Lifted to C- at TheStreet
A number of other equities research analysts also recently commented on the company. BidaskClub downgraded KBR from a hold rating to a sell rating in a report on Friday, July 28th. Zacks Investment Research raised KBR from a sell rating to a hold rating in a report on Monday, July 17th. Finally, Vertical Research raised KBR from a hold rating to a buy rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. KBR presently has an average rating of Buy and an average price target of $18.22.
Shares of KBR (NYSE:KBR) opened at 16.70 on Thursday. The stock’s market cap is $2.34 billion. The stock’s 50 day moving average is $15.12 and its 200 day moving average is $15.22. KBR has a 52-week low of $13.16 and a 52-week high of $17.95.
KBR (NYSE:KBR) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that KBR will post $1.35 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, June 13th. KBR’s payout ratio is presently -128.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in KBR. Torray LLC increased its position in shares of KBR by 17.6% in the second quarter. Torray LLC now owns 590,400 shares of the construction company’s stock worth $8,986,000 after buying an additional 88,400 shares during the last quarter. BB&T Securities LLC bought a new position in shares of KBR during the second quarter worth about $360,000. Frontier Capital Management Co. LLC bought a new position in shares of KBR during the second quarter worth about $6,628,000. KBC Group NV increased its position in shares of KBR by 10.8% in the second quarter. KBC Group NV now owns 157,008 shares of the construction company’s stock worth $2,389,000 after buying an additional 15,337 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of KBR by 3.8% in the second quarter. Deprince Race & Zollo Inc. now owns 3,965,786 shares of the construction company’s stock worth $60,359,000 after buying an additional 145,838 shares during the last quarter. 99.87% of the stock is owned by institutional investors.
KBR Company Profile
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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