KBR (NYSE:KBR) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

KBR, Inc. (NYSE:KBR) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $36.98 and traded as low as $36.25. KBR shares last traded at $36.3580, with a volume of 3,353,744 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KBR. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Oppenheimer lowered their price target on KBR from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, September 22nd. UBS Group raised their target price on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Citigroup decreased their price target on KBR from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.83.

KBR Trading Down 6.5%

The company has a market capitalization of $4.59 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 2.10 and a beta of 0.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average is $36.74 and its 200-day moving average is $36.98.

KBR (NYSE:KBR) last posted its earnings results on Thursday, October 29th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. KBR had a return on equity of 31.66% and a net margin of 5.65%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that KBR, Inc. will post 4.01 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be given a $0.1650 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 15th. KBR’s dividend payout ratio (DPR) is presently 18.97%.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of KBR in the second quarter worth about $479,892,000. Engine Capital Management LP lifted its holdings in KBR by 1,129.3% during the first quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company’s stock valued at $56,444,000 after purchasing an additional 1,406,746 shares in the last quarter. Copeland Capital Management LLC boosted its stake in shares of KBR by 7.6% in the third quarter. Copeland Capital Management LLC now owns 1,545,933 shares of the construction company’s stock worth $54,355,000 after acquiring an additional 109,264 shares during the last quarter. First Trust Advisors LP grew its stake in KBR by 29.8% during the 1st quarter. First Trust Advisors LP now owns 919,397 shares of the construction company’s stock valued at $33,889,000 after acquiring an additional 211,010 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in KBR in the 2nd quarter valued at $32,044,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.