KBR (NYSE:KBR) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of KBR (NYSE:KBRGet Rating) from a hold rating to a buy rating in a research note released on Wednesday morning.

A number of other research analysts also recently weighed in on the company. Citigroup cut their price objective on KBR from $65.00 to $60.00 in a research note on Friday, July 22nd. TheStreet downgraded KBR from a b+ rating to a c rating in a research note on Wednesday, May 11th. Credit Suisse Group cut their price objective on KBR from $66.00 to $63.00 and set an outperform rating on the stock in a research note on Wednesday. Finally, KeyCorp lifted their price target on KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $63.25.

KBR Stock Up 0.5 %

KBR opened at $50.92 on Wednesday. KBR has a fifty-two week low of $36.71 and a fifty-two week high of $56.94. The business has a 50-day moving average of $48.93 and a 200-day moving average of $49.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.26 and a quick ratio of 1.21. The company has a market capitalization of $7.11 billion, a PE ratio of 54.17 and a beta of 1.23.

KBR (NYSE:KBRGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The construction company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. KBR had a return on equity of 25.02% and a net margin of 1.90%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business earned $0.58 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that KBR will post 2.62 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, June 14th. KBR’s payout ratio is presently 51.06%.

Insider Transactions at KBR

In other news, CFO Mark W. Sopp acquired 1,050 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of $47.74 per share, with a total value of $50,127.00. Following the acquisition, the chief financial officer now owns 118,497 shares of the company’s stock, valued at $5,657,046.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Mark W. Sopp acquired 1,100 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were bought at an average price of $45.99 per share, with a total value of $50,589.00. Following the acquisition, the chief financial officer now owns 117,447 shares of the company’s stock, valued at $5,401,387.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Sopp purchased 1,050 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $47.74 per share, for a total transaction of $50,127.00. Following the purchase, the chief financial officer now owns 118,497 shares in the company, valued at $5,657,046.78. The disclosure for this purchase can be found here. 0.91% of the stock is owned by insiders.

Institutional Trading of KBR

Several institutional investors have recently bought and sold shares of KBR. Allspring Global Investments Holdings LLC acquired a new stake in KBR in the 4th quarter valued at $2,125,000. State of New Jersey Common Pension Fund D boosted its stake in KBR by 1.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,115 shares of the construction company’s stock valued at $3,672,000 after buying an additional 872 shares in the last quarter. Yousif Capital Management LLC bought a new position in KBR in the 4th quarter valued at $3,629,000. Assenagon Asset Management S.A. bought a new position in KBR in the 4th quarter valued at $1,758,000. Finally, Cim Investment Management Inc. raised its position in KBR by 100.0% in the 4th quarter. Cim Investment Management Inc. now owns 11,984 shares of the construction company’s stock valued at $521,000 after purchasing an additional 5,992 shares during the last quarter.

KBR Company Profile

(Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.