KBR (NYSE:KBR) Price Target Cut to $60.00 by Analysts at Truist Financial

KBR (NYSE:KBR - Get Free Report) had its price target reduced by equities research analysts at Truist Financial from $70.00 to $60.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's target price indicates a potential upside of 18.89% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. KeyCorp cut their target price on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. 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. Citigroup lowered their price target on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.13.

KBR Stock Up 0.3 %

KBR stock traded up $0.17 during mid-day trading on Monday, hitting $50.47. The company's stock had a trading volume of 516,105 shares, compared to its average volume of 1,303,548. The firm's 50 day moving average is $50.35 and its 200 day moving average is $57.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR has a 52-week low of $43.89 and a 52-week high of $72.60. The company has a market cap of $6.55 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, analysts anticipate that KBR will post 3.26 earnings per share for the current year.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 68,588 shares in the last quarter. Boston Partners boosted its stake in shares of KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares in the last quarter. Franklin Resources Inc. grew its position in KBR by 18.7% in the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock worth $166,167,000 after acquiring an additional 451,887 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of KBR by 87.2% during 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 purchasing an additional 1,307,033 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in KBR by 10.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock worth $128,517,000 after purchasing an additional 218,327 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.