Stifel Nicolaus Increases KBR (NYSE:KBR) Price Target to $83.00

KBR (NYSE:KBR) had its price target boosted by Stifel Nicolaus from $80.00 to $83.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other brokerages have also commented on KBR. Citigroup upped their target price on KBR from $66.00 to $72.00 and gave the company a buy rating in a research note on Monday, April 22nd. UBS Group cut their target price on KBR from $65.00 to $63.00 and set a buy rating for the company in a research note on Friday, February 2nd. StockNews.com upgraded KBR from a hold rating to a buy rating in a research note on Wednesday, March 20th. KeyCorp upped their target price on KBR from $63.00 to $65.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Finally, Truist Financial increased their price objective on KBR from $72.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR has an average rating of Buy and a consensus price target of $73.43.

KBR Stock Up 0.1 %

KBR opened at $65.30 on Tuesday. KBR has a 1-year low of $49.37 and a 1-year high of $65.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of -31.85, a P/E/G ratio of 1.36 and a beta of 0.95. The business has a 50 day moving average of $61.79 and a 200-day moving average of $56.95.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. KBR’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, sell-side analysts anticipate that KBR will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. KBR’s dividend payout ratio (DPR) is -29.27%.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On KBR

Several hedge funds have recently added to or reduced their stakes in KBR. Rise Advisors LLC bought a new position in KBR in the first quarter valued at about $25,000. CWM LLC boosted its holdings in KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after acquiring an additional 433 shares during the last quarter. International Assets Investment Management LLC bought a new position in KBR in the fourth quarter valued at about $64,000. Headlands Technologies LLC bought a new position in KBR in the fourth quarter valued at about $65,000. Finally, Ronald Blue Trust Inc. boosted its holdings in KBR by 91.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock valued at $69,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.