Shares of KBR, Inc. (NYSE:KBR) have received a consensus rating of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $28.60.
Several equities analysts have recently weighed in on the company. ValuEngine raised KBR from a “sell” rating to a “hold” rating in a report on Thursday, July 9th. Goldman Sachs Group raised KBR from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $31.00 in a report on Wednesday, June 3rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $32.00 target price on shares of KBR in a report on Wednesday. CSFB raised their target price on KBR from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, SunTrust Banks decreased their target price on KBR from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th.
Shares of NYSE KBR traded down $0.15 during midday trading on Tuesday, hitting $22.24. 1,567,591 shares of the stock traded hands, compared to its average volume of 1,101,563. The firm has a 50-day moving average of $22.86 and a two-hundred day moving average of $23.33. The firm has a market capitalization of $3.16 billion, a P/E ratio of 55.60, a PEG ratio of 1.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. KBR has a one year low of $12.00 and a one year high of $31.92.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were paid a $0.10 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. KBR’s payout ratio is presently 23.67%.
In other KBR news, EVP Ian John Mackey sold 24,636 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $25.82, for a total value of $636,101.52. Following the completion of the sale, the executive vice president now owns 91,237 shares in the company, valued at approximately $2,355,739.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.97% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of KBR during the first quarter valued at about $52,000. Point72 Hong Kong Ltd purchased a new position in shares of KBR during the fourth quarter valued at about $81,000. Engrave Wealth Partners LLC purchased a new position in shares of KBR during the fourth quarter valued at about $106,000. Advisor Group Inc. grew its position in shares of KBR by 22.9% during the fourth quarter. Advisor Group Inc. now owns 4,115 shares of the construction company’s stock valued at $126,000 after purchasing an additional 766 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in shares of KBR during the first quarter valued at about $146,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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