KBR (NYSE:KBR) Shares Gap Down – Time to Sell?

Shares of KBR, Inc. (NYSE:KBR) gapped down prior to trading on Friday . The stock had previously closed at $42.80, but opened at $41.68. KBR shares last traded at $40.5550, with a volume of 332,401 shares trading hands.

Analysts Set New Price Targets

KBR has been the topic of a number of analyst reports. Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Bank of America cut their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Truist Financial set a $50.00 price objective on shares of KBR in a research note on Friday. Citigroup cut their target price on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Wells Fargo & Company initiated coverage on KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, KBR presently has an average rating of “Hold” and an average target price of $58.00.

KBR Stock Down 4.5%

The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.16 and a beta of 0.54. The firm’s fifty day moving average price is $42.67 and its 200-day moving average price is $46.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.KBR’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a $0.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. KBR’s payout ratio is 22.68%.

Institutional Trading of KBR

Institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC raised its position in shares of KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after acquiring an additional 241 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of KBR by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after purchasing an additional 249 shares in the last quarter. Bessemer Group Inc. increased its holdings in KBR by 75.8% in the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after purchasing an additional 266 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in KBR by 6.4% in the third quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock valued at $227,000 after buying an additional 289 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of KBR by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after buying an additional 298 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.