KBR (NYSE:KBR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of KBR (NYSE:KBR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other research analysts have also issued reports about the company. Truist Financial reduced their price target on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Citigroup dropped their price objective on KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. Bank of America decreased their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Finally, Oppenheimer started coverage on shares of KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target on the stock. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, KBR presently has a consensus rating of “Hold” and a consensus target price of $58.00.

KBR Price Performance

Shares of KBR opened at $40.47 on Friday. The company has a 50 day moving average price of $41.85 and a 200-day moving average price of $45.81. KBR has a fifty-two week low of $39.52 and a fifty-two week high of $60.98. The stock has a market capitalization of $5.14 billion, a PE ratio of 13.91, a PEG ratio of 1.00 and a beta of 0.52. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

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

KBR Announces Dividend

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

Institutional Trading of KBR

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its stake in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after acquiring an additional 401 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after purchasing an additional 493 shares during the last quarter. Bessemer Group Inc. grew its position in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after purchasing an additional 266 shares during the period. FNY Investment Advisers LLC acquired a new stake in KBR during the 3rd quarter worth about $32,000. Finally, Byrne Asset Management LLC purchased a new position in shares of KBR during the 2nd quarter valued at about $41,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.