Citigroup Lowers KBR (NYSE:KBR) Price Target to $69.00

KBR (NYSE:KBR - Free Report) had its price objective trimmed by Citigroup from $77.00 to $69.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the construction company's stock.

A number of other equities analysts have also recently issued reports on KBR. Truist Financial cut their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group lowered their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. KeyCorp lowered their target price on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, KBR presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.25.

KBR Trading Down 0.8 %

KBR stock traded down $0.45 during trading on Friday, hitting $53.05. The company had a trading volume of 1,060,807 shares, compared to its average volume of 1,306,762. The business has a 50-day moving average of $50.22 and a 200-day moving average of $56.94. KBR has a one year low of $43.89 and a one year high of $72.60. The stock has a market cap of $6.88 billion, a PE ratio of 22.29, a PEG ratio of 0.86 and a beta of 0.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Research analysts predict that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.24%. KBR's payout ratio is 23.57%.

Insider Buying and Selling

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by corporate insiders.

Institutional Trading of KBR

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of KBR by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock worth $740,951,000 after buying an additional 68,588 shares during the last quarter. Boston Partners increased its holdings in shares of KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after buying an additional 3,216,323 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock worth $166,167,000 after buying an additional 451,887 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of KBR by 10.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock valued at $128,517,000 after purchasing an additional 218,327 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

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.