KBR, Inc. (NYSE:KBR) Given Average Rating of "Moderate Buy" by Analysts

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat Ratings 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 brokers that have issued a report on the stock in the last year is $71.13.

Several research firms have recently weighed in on KBR. The Goldman Sachs Group reduced their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. KeyCorp lowered their price target on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen decreased their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup reduced their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th.

KBR Price Performance

Shares of KBR stock traded up $1.50 on Friday, reaching $53.25. The company's stock had a trading volume of 420,326 shares, compared to its average volume of 1,302,375. The stock has a 50-day moving average price of $50.17 and a 200-day moving average price of $57.30. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The company has a market capitalization of $6.91 billion, a P/E ratio of 22.35, a PEG ratio of 0.86 and a beta of 0.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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

KBR Increases Dividend

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

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.11% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in KBR by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after acquiring an additional 68,588 shares during the last quarter. Boston Partners lifted its holdings in KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after buying an additional 3,216,323 shares during the period. Franklin Resources Inc. grew its stake in KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock worth $166,167,000 after purchasing an additional 451,887 shares during the period. Bank of New York Mellon Corp increased its stake 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 valued at $162,503,000 after acquiring an additional 1,307,033 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of KBR by 10.9% during the fourth 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 during the period. 97.02% of the stock is owned by institutional investors.

KBR Company Profile

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.