KBR (NYSE:KBR) PT Raised to $82.00 at Citigroup

by · The Markets Daily

KBR (NYSE:KBR – Free Report) had its price objective boosted by Citigroup from $76.00 to $82.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on KBR. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp increased their price objective on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average price target of $78.75.

View Our Latest Stock Analysis on KBR

KBR Price Performance

KBR stock opened at $66.73 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR has a 12 month low of $49.37 and a 12 month high of $71.38. The stock has a market cap of $8.88 billion, a PE ratio of 45.39, a P/E/G ratio of 1.45 and a beta of 0.90. The company has a 50-day moving average price of $66.22 and a 200 day moving average price of $65.36.

KBR (NYSE:KBR – Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that KBR will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.90%. KBR’s dividend payout ratio (DPR) is presently 40.82%.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC boosted its stake in KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP increased its stake in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank purchased a new position in shares of KBR in the third quarter worth $65,000. Finally, Fifth Third Bancorp lifted its stake in shares of KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

About KBR

(Get Free Report)

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.

Read More