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

KBR, Inc. (NYSE:KBR) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com 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 covered the stock in the last year is $58.00.

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a report 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. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Oppenheimer started coverage on KBR in a report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price target for the company. Finally, Bank of America lowered their price target on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th.

KBR Stock Performance

Shares of KBR stock opened at $40.21 on Thursday. The stock has a market cap of $5.11 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54. KBR has a 12 month low of $39.52 and a 12 month high of $60.98. 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 business has a fifty day simple moving average of $42.14 and a 200-day simple moving average of $46.12.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 35.14% and a net margin of 4.71%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts anticipate that KBR will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. KBR’s dividend payout ratio (DPR) is currently 22.68%.

Hedge Funds Weigh In On KBR

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. lifted its position in shares of KBR by 1.5% in the third quarter. Invesco Ltd. now owns 5,544,490 shares of the construction company’s stock worth $262,199,000 after buying an additional 79,258 shares during the last quarter. Boston Partners lifted its holdings in KBR by 25.6% in the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after purchasing an additional 1,122,076 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in KBR by 8.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock worth $196,116,000 after purchasing an additional 308,268 shares during the period. Franklin Resources Inc. grew its holdings in KBR by 17.8% during the second quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock valued at $163,929,000 after purchasing an additional 517,633 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of KBR by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,550,767 shares of the construction company’s stock valued at $120,621,000 after purchasing an additional 38,568 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.