KBR, Inc. (NYSE:KBR) Stock Now Rated “Hold” by Wall Street Analysts

Shares of KBR, Inc. (NYSE:KBR) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.83.

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of KBR from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. 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 research note on Monday, August 10th. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a report 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 research report on Tuesday, September 22nd. Finally, Wells Fargo & Company upped their price objective on KBR from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, November 2nd.

KBR Stock Performance

NYSE KBR traded up $0.18 on Friday, hitting $35.50. 2,079,000 shares of the stock were exchanged, compared to its average volume of 1,988,411. 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 business’s fifty day moving average is $36.67 and its 200 day moving average is $36.90. KBR has a 52 week low of $29.94 and a 52 week high of $45.37. The company has a market capitalization of $4.48 billion, a PE ratio of 10.20, a P/E/G ratio of 1.91 and a beta of 0.42.

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

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1650 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, December 15th. KBR’s payout ratio is currently 18.97%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KBR. Jump Financial LLC bought a new position in KBR during the third quarter worth $450,000. Pathstone Holdings LLC acquired a new position in shares of KBR in the third quarter valued at $1,320,000. Marshall Wace LLP raised its position in shares of KBR by 1.6% in the third quarter. Marshall Wace LLP now owns 64,683 shares of the construction company’s stock valued at $2,274,000 after purchasing an additional 1,025 shares during the period. First Trust Advisors LP raised its position in shares of KBR by 6.5% in the third quarter. First Trust Advisors LP now owns 1,429,397 shares of the construction company’s stock valued at $50,258,000 after purchasing an additional 87,685 shares during the period. Finally, Boston Partners raised its position in shares of KBR by 22.1% in the third quarter. Boston Partners now owns 600,746 shares of the construction company’s stock valued at $21,122,000 after purchasing an additional 108,561 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

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.