KBR (NYSE:KBR) Sets New 1-Year Low - Here's Why

Shares of KBR, Inc. (NYSE:KBR - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $51.31 and last traded at $51.48, with a volume of 1007495 shares. The stock had previously closed at $52.16.

Analysts Set New Price Targets

A number of research analysts have issued reports on KBR shares. DA Davidson reissued a "buy" rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. UBS Group raised their target price on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, KeyCorp reduced their price target on KBR from $78.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

KBR Stock Down 3.3 %

The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock's 50 day moving average is $56.16 and its 200 day moving average is $61.92.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 25.21%.

Institutional Trading of KBR

Institutional investors have recently modified their holdings of the company. True Wealth Design LLC bought a new stake in KBR in the third quarter worth about $26,000. UMB Bank n.a. grew its stake in shares of KBR by 49.2% in the 4th 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 in the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new stake in KBR during the fourth quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new stake in KBR during the third quarter valued at approximately $65,000. Institutional investors and hedge funds 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.