KBR (NYSE:KBR) PT Raised to $77.00

KBR (NYSE:KBR) had its price objective increased by UBS Group from $68.00 to $77.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on KBR. StockNews.com upgraded KBR from a hold rating to a buy rating in a report on Wednesday, March 20th. Stifel Nicolaus raised their price target on KBR from $83.00 to $84.00 and gave the company a buy rating in a research report on Thursday, May 9th. KeyCorp increased their price objective on shares of KBR from $63.00 to $65.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Citigroup raised their target price on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a report on Monday, April 22nd. Finally, DA Davidson upped their price target on shares of KBR from $70.00 to $78.00 and gave the company a buy rating in a report on Wednesday, May 1st. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $76.00.

KBR Trading Down 0.3 %

Shares of KBR stock opened at $65.64 on Tuesday. The business’s fifty day moving average price is $63.73 and its 200 day moving average price is $57.64. The firm has a market capitalization of $8.81 billion, a PE ratio of -34.19, a P/E/G ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. KBR has a 1-year low of $49.37 and a 1-year high of $68.68.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. As a group, sell-side analysts forecast that KBR will post 3.21 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.60 annualized dividend and a yield of 0.91%. KBR’s payout ratio is currently -31.25%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jennison Associates LLC lifted its stake in shares of KBR by 7.0% in the 4th quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock valued at $84,559,000 after purchasing an additional 99,196 shares in the last quarter. UBS Group AG lifted its position in KBR by 14.6% during the third quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after buying an additional 54,623 shares in the last quarter. Custom Index Systems LLC purchased a new stake in KBR during the fourth quarter worth approximately $275,000. AXQ Capital LP increased its position in shares of KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock worth $1,438,000 after acquiring an additional 21,300 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of KBR in the 4th quarter valued at $2,100,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.