KBR (NYSE:KBR) Upgraded by Wall Street Zen to “Buy” Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of KBR (NYSE:KBR – Free Report) from a hold rating to a buy rating in a report published on Saturday.

A number of other analysts have also recently commented on KBR. KeyCorp cut KBR from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 23rd. Stifel Nicolaus lifted their price target on KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Bank of America cut KBR from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. The Goldman Sachs Group lowered shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Finally, UBS Group cut shares of KBR from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.78.

Get Our Latest Analysis on KBR

KBR Stock Down 1.1%

Shares of NYSE:KBR opened at $48.86 on Friday. The firm has a 50 day simple moving average of $48.70 and a 200-day simple moving average of $50.37. KBR has a twelve month low of $43.89 and a twelve month high of $72.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $6.30 billion, a PE ratio of 17.70, a P/E/G ratio of 0.98 and a beta of 0.73.

KBR (NYSE:KBR – Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the firm posted $0.83 EPS. The company’s revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities analysts predict that KBR will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.4%. KBR’s dividend payout ratio is 23.91%.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the sale, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in KBR by 65.1% during the fourth quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company’s stock worth $401,000 after purchasing an additional 2,729 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of KBR by 4.0% in the fourth quarter. Nuveen Asset Management LLC now owns 651,981 shares of the construction company’s stock valued at $37,769,000 after buying an additional 25,230 shares in the last quarter. Man Group plc raised its stake in shares of KBR by 127.4% during the 4th quarter. Man Group plc now owns 219,492 shares of the construction company’s stock worth $12,715,000 after buying an additional 122,980 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of KBR by 7.5% in the 4th quarter. ProShare Advisors LLC now owns 6,234 shares of the construction company’s stock worth $361,000 after buying an additional 434 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in KBR by 730.1% in the 4th quarter. Point72 Asset Management L.P. now owns 189,026 shares of the construction company’s stock valued at $10,950,000 after acquiring an additional 219,026 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Company Profile

(Get Free Report)

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.

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