KBR, Inc. (NYSE:KBR) – Investment analysts at Truist Securiti reduced their Q2 2021 earnings per share (EPS) estimates for shares of KBR in a report released on Thursday, April 29th. Truist Securiti analyst T. Sommer now forecasts that the construction company will post earnings of $0.47 per share for the quarter, down from their prior forecast of $0.49. Truist Securiti also issued estimates for KBR’s Q3 2021 earnings at $0.54 EPS, Q4 2021 earnings at $0.59 EPS, Q1 2022 earnings at $0.50 EPS, Q2 2022 earnings at $0.54 EPS and Q4 2022 earnings at $0.64 EPS.
Several other equities research analysts also recently commented on the stock. Credit Suisse Group upped their price objective on shares of KBR from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, March 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on KBR from $38.00 to $45.00 in a research note on Wednesday, April 21st. Truist Securities increased their price objective on KBR from $40.00 to $44.00 in a report on Friday, March 26th. KeyCorp raised their price target on KBR from $36.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, April 26th. Finally, Citigroup lifted their price objective on KBR from $38.00 to $45.00 in a report on Wednesday, April 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.92.
KBR (NYSE:KBR) last posted its quarterly earnings data on Thursday, April 29th. The construction company reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. KBR had a negative net margin of 0.57% and a positive return on equity of 13.98%.
A number of institutional investors have recently made changes to their positions in KBR. Capital Asset Advisory Services LLC purchased a new position in KBR during the fourth quarter worth approximately $31,000. Arlington Partners LLC purchased a new position in KBR during the first quarter worth approximately $86,000. Eudaimonia Partners LLC acquired a new stake in KBR during the third quarter worth $88,000. CI Investments Inc. increased its stake in KBR by 208.6% during the fourth quarter. CI Investments Inc. now owns 3,030 shares of the construction company’s stock worth $94,000 after acquiring an additional 2,048 shares during the last quarter. Finally, JBF Capital Inc. acquired a new stake in KBR during the fourth quarter worth $155,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.
In other news, EVP Eileen Akerson sold 1,779 shares of the firm’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $38.50, for a total value of $68,491.50. Following the transaction, the executive vice president now owns 85,556 shares in the company, valued at $3,293,906. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas Nick Kelly sold 2,220 shares of KBR stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $32.55, for a total value of $72,261.00. Following the transaction, the insider now owns 31,860 shares in the company, valued at approximately $1,037,043. The disclosure for this sale can be found here. Corporate insiders own 0.97% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Monday, April 5th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, April 1st. This represents a $0.44 dividend on an annualized basis and a yield of 1.10%. This is an increase from KBR’s previous quarterly dividend of $0.10. KBR’s dividend payout ratio is currently 26.04%.
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through three segments: Government Solutions, Technology Solutions, and Energy Solutions. 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.
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