Bank of America Cuts KBR (NYSE:KBR) Price Target to $40.00

KBR (NYSE:KBR) had its target price reduced by Bank of America from $45.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Bank of America‘s target price indicates a potential upside of 13.13% from the company’s previous close.

KBR has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. UBS Group reduced their price target on KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Zacks Research raised KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Citigroup dropped their target price on KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, KBR presently has an average rating of “Hold” and a consensus price target of $52.62.

KBR Price Performance

NYSE:KBR traded up $0.29 during trading hours on Monday, reaching $35.36. 434,243 shares of the company traded hands, compared to its average volume of 1,621,517. The firm’s 50-day moving average is $34.25 and its 200-day moving average is $37.83. The stock has a market cap of $4.48 billion, a P/E ratio of 11.29, a P/E/G ratio of 2.09 and a beta of 0.44. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16. KBR has a 1-year low of $29.94 and a 1-year high of $52.23.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. KBR had a return on equity of 33.92% and a net margin of 5.21%.The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities research analysts expect that KBR will post 3.98 earnings per share for the current fiscal year.

Insider Transactions at KBR

In other news, CFO Shad E. Evans bought 8,375 shares of KBR stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $30.60 per share, for a total transaction of $256,275.00. Following the completion of the acquisition, the chief financial officer owned 43,725 shares of the company’s stock, valued at $1,337,985. The trade was a 23.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thaer Lewis Von purchased 3,000 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $30.77 per share, with a total value of $92,310.00. Following the transaction, the director owned 10,358 shares of the company’s stock, valued at $318,715.66. This trade represents a 40.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 29,875 shares of company stock valued at $945,160. Corporate insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On KBR

A number of hedge funds have recently made changes to their positions in KBR. Public Employees Retirement System of Ohio raised its stake in KBR by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after purchasing an additional 249 shares during the last quarter. Anchor Investment Management LLC grew its position in KBR by 27.5% in the 1st quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock worth $47,000 after purchasing an additional 275 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after purchasing an additional 289 shares during the period. Truist Financial Corp increased its holdings in shares of KBR by 1.9% during the 4th quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock worth $697,000 after purchasing an additional 317 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of KBR by 27.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.