KBR, Inc. (NYSE:KBR) Receives $73.86 Consensus Target Price from Analysts

Shares of KBR, Inc. (NYSE:KBR) have received a consensus rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $73.86.

A number of equities analysts recently commented on KBR shares. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. DA Davidson raised their price target on KBR from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus raised their price target on KBR from $80.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Truist Financial raised their price target on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Citigroup raised their price target on KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd.

KBR Price Performance

Shares of KBR stock opened at $67.98 on Friday. KBR has a one year low of $49.37 and a one year high of $68.68. The stock’s fifty day moving average is $62.58 and its 200 day moving average is $57.06. The stock has a market cap of $9.13 billion, a P/E ratio of -35.42, a P/E/G ratio of 1.29 and a beta of 0.92. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm earned $0.67 EPS. KBR’s revenue for the quarter was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that KBR will post 3.21 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s payout ratio is -31.25%.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On KBR

Large investors have recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in KBR in the first quarter worth about $25,000. CWM LLC boosted its holdings in shares of KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after purchasing an additional 433 shares during the period. International Assets Investment Management LLC bought a new position in shares of KBR during the 4th quarter valued at approximately $64,000. Headlands Technologies LLC purchased a new stake in KBR during the 4th quarter valued at $65,000. Finally, Anchor Investment Management LLC bought a new stake in KBR in the fourth quarter worth $69,000. 97.02% of the stock is owned by institutional investors.

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.