KBR, Inc. (NYSE:KBR) Receives Consensus Recommendation of “Hold” from Analysts

KBR, Inc. (NYSE:KBR) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $59.0909.

A number of analysts recently issued reports on the company. Wells Fargo & Company started coverage on KBR in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price on the stock. Bank of America lowered their price target on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Citigroup cut their price objective on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Oppenheimer assumed coverage on shares of KBR in a report on Tuesday. They set an “outperform” rating and a $60.00 target price on the stock.

Hedge Funds Weigh In On KBR

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its stake in KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after buying an additional 401 shares during the period. EverSource Wealth Advisors LLC raised its stake in KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the period. Bessemer Group Inc. lifted its holdings in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after purchasing an additional 266 shares during the last quarter. Byrne Asset Management LLC bought a new position in KBR during the second quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of KBR by 101,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock valued at $48,000 after purchasing an additional 1,016 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

NYSE KBR opened at $44.65 on Friday. The firm’s 50 day moving average is $43.40 and its 200-day moving average is $47.44. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $5.67 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.18 and a beta of 0.54. KBR has a 12-month low of $39.61 and a 12-month high of $61.20.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. KBR had a net margin of 4.71% and a return on equity of 35.14%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. KBR’s payout ratio is currently 22.68%.

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.