Stifel Nicolaus Increases KBR (NYSE:KBR) Price Target to $83.00

KBR (NYSE:KBR) had its price target hoisted by Stifel Nicolaus from $80.00 to $83.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the company. UBS Group lowered their target price on KBR from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, February 2nd. StockNews.com raised KBR from a hold rating to a buy rating in a report on Wednesday, March 20th. Truist Financial upped their target price on KBR from $72.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, April 9th. KeyCorp upped their target price on KBR from $63.00 to $65.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Finally, Citigroup upped their target price on KBR from $66.00 to $72.00 and gave the stock a buy rating in a report on Monday, April 22nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, KBR presently has an average rating of Buy and an average target price of $73.43.

KBR Price Performance

KBR stock opened at $65.30 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR has a 52 week low of $49.37 and a 52 week high of $65.87. The stock has a market capitalization of $8.79 billion, a P/E ratio of -31.85, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95. The stock has a fifty day moving average of $61.79 and a 200-day moving average of $56.95.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. KBR’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts expect that KBR will post 3.19 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. KBR’s dividend payout ratio is presently -29.27%.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Several institutional investors and hedge funds have recently made changes to their positions in the business. State of Michigan Retirement System boosted its position in shares of KBR by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock valued at $1,796,000 after purchasing an additional 200 shares in the last quarter. Prosperity Financial Group Inc. boosted its position in shares of KBR by 5.3% during the 3rd quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock valued at $251,000 after purchasing an additional 215 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of KBR by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock valued at $1,125,000 after purchasing an additional 260 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of KBR by 0.5% during the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of KBR by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock valued at $739,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

About KBR

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.