Brokerages Set KBR, Inc. (NYSE:KBR) PT at $75.88

KBR, Inc. (NYSE:KBR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $75.88.

Several brokerages have weighed in on KBR. Citigroup dropped their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. KeyCorp cut their price target on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th.

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in KBR during the 3rd quarter worth $26,000. UMB Bank n.a. grew its holdings in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after purchasing an additional 175 shares during the last quarter. LRI Investments LLC bought a new stake in shares of KBR during the fourth quarter worth about $31,000. First Horizon Advisors Inc. acquired a new position in shares of KBR in the fourth quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KBR during the 4th quarter worth approximately $68,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

Shares of NYSE KBR traded up $0.17 during trading hours on Tuesday, reaching $51.51. 704,349 shares of the stock were exchanged, compared to its average volume of 1,243,632. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 0.86 and a beta of 0.86. The stock's fifty day simple moving average is $52.85 and its 200 day simple moving average is $59.39. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a 52 week low of $47.16 and a 52 week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts predict that KBR will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is 23.57%.

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.