KBR, Inc. (NYSE:KBR) Receives Average Recommendation of “Hold” from Brokerages

Shares of KBR, Inc. (NYSE:KBR) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $62.7778.

Several research firms recently weighed in on KBR. DA Davidson reduced their price objective on KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. KeyCorp lowered KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. Bank of America lowered KBR from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. UBS Group lowered KBR from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Finally, Stifel Nicolaus raised their price objective on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 1st.

Institutional Trading of KBR

A number of hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its stake in shares of KBR by 25.8% during the third quarter. Wedge Capital Management L L P NC now owns 96,888 shares of the construction company’s stock valued at $4,582,000 after purchasing an additional 19,872 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of KBR by 20.8% during the third quarter. Central Pacific Bank Trust Division now owns 3,948 shares of the construction company’s stock valued at $187,000 after purchasing an additional 680 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of KBR by 31.6% during the second quarter. Osaic Holdings Inc. now owns 3,642 shares of the construction company’s stock valued at $176,000 after purchasing an additional 875 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of KBR by 3.9% during the second quarter. Orion Porfolio Solutions LLC now owns 27,354 shares of the construction company’s stock valued at $1,311,000 after purchasing an additional 1,022 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of KBR by 92.2% during the second quarter. State of Wyoming now owns 37,687 shares of the construction company’s stock valued at $1,807,000 after purchasing an additional 18,083 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Down 4.3%

Shares of NYSE KBR opened at $43.31 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. KBR has a 52 week low of $42.94 and a 52 week high of $72.60. The stock has a market capitalization of $5.58 billion, a P/E ratio of 15.69, a PEG ratio of 0.90 and a beta of 0.68. The stock’s fifty day moving average is $48.97 and its 200 day moving average is $49.96.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts forecast that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. KBR’s dividend payout ratio (DPR) is presently 23.91%.

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.