KBR (NYSE:KBR) Price Target Raised to $78.00

KBR (NYSE:KBR - Free Report) had its price target hoisted by UBS Group from $77.00 to $78.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the construction company's stock.

A number of other analysts have also recently weighed in on KBR. TD Cowen cut KBR from a "buy" rating to a "hold" rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. DA Davidson upped their price target on KBR from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, October 25th. Citigroup boosted their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, KeyCorp increased their target price on shares of KBR from $73.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.88.

KBR Stock Up 1.5 %

Shares of NYSE KBR traded up $1.03 during mid-day trading on Wednesday, hitting $68.29. The company had a trading volume of 896,079 shares, compared to its average volume of 1,109,394. The company has a market capitalization of $9.17 billion, a PE ratio of -35.40, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The business's 50-day simple moving average is $66.25 and its 200 day simple moving average is $65.44. KBR has a 1-year low of $49.37 and a 1-year high of $71.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR - Get Free Report) last released its 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 net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business's quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that KBR will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. KBR's dividend payout ratio (DPR) is -31.25%.

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock worth $33,000 after acquiring an additional 487 shares in the last quarter. CWM LLC raised its holdings in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company's stock worth $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP raised its position in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after buying an additional 673 shares during the last quarter. Eastern Bank acquired a new position in KBR in the 3rd quarter valued at $65,000. Finally, Fifth Third Bancorp grew its position in shares of KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock valued at $77,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

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.