KBR (NYSE:KBR) Price Target Lowered to $64.00 at The Goldman Sachs Group

KBR (NYSE:KBR - Free Report) had its price target cut by The Goldman Sachs Group from $75.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Other equities analysts also recently issued research reports about the stock. KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. UBS Group upped their price objective on shares of KBR from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. TD Cowen decreased their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. DA Davidson restated a "buy" rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. Finally, Citigroup reduced their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $75.88.

KBR Trading Up 1.5 %

NYSE KBR traded up $0.73 on Wednesday, reaching $49.02. The stock had a trading volume of 2,096,291 shares, compared to its average volume of 1,601,523. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.86 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. KBR has a 12-month low of $47.16 and a 12-month high of $72.60. The stock has a fifty day moving average price of $55.33 and a two-hundred day moving average price of $61.37.

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

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio is currently 23.57%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in KBR in the third quarter valued at about $297,000. State of Alaska Department of Revenue increased its holdings in KBR by 162.6% in the third quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company's stock valued at $2,503,000 after buying an additional 23,810 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in KBR in the third quarter valued at about $221,000. Diversify Wealth Management LLC increased its holdings in KBR by 15.6% in the third quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company's stock valued at $410,000 after buying an additional 824 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in KBR by 16.5% in the third quarter. Congress Asset Management Co. now owns 191,277 shares of the construction company's stock valued at $12,458,000 after buying an additional 27,092 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other 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.