KBR (NYSE:KBR) Trading Up 7.8% - What's Next?

KBR, Inc. (NYSE:KBR - Get Free Report) shares shot up 7.8% during mid-day trading on Thursday . The company traded as high as $59.77 and last traded at $59.51. 567,007 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,190,606 shares. The stock had previously closed at $55.19.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KBR. UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. TD Cowen lowered shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. KeyCorp upped their target price on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. Finally, Citigroup upped their price objective on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of "Moderate Buy" and an average target price of $81.14.

KBR Trading Up 3.9 %

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 firm's 50 day moving average is $64.27 and its two-hundred day moving average is $64.76. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the firm earned $0.75 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts anticipate that KBR, Inc. will post 3.27 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. KBR's dividend payout ratio (DPR) is presently 25.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KBR. True Wealth Design LLC bought a new stake in shares of KBR during the third quarter valued at approximately $26,000. Larson Financial Group LLC raised its stake in KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC boosted its position in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after acquiring an additional 231 shares during the period. Quarry LP grew its stake in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of KBR during the third quarter valued at $65,000. 97.02% of the stock is owned by institutional investors and hedge funds.

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.