Shares of KBR Inc. (NYSE:KBR) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company. Eleven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.04.
KBR has been the subject of a number of research reports. MKM Partners set a $16.00 price objective on KBR and gave the company a “hold” rating in a research note on Tuesday, September 13th. Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, July 18th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. DA Davidson set a $20.00 price objective on KBR and gave the company a “buy” rating in a research note on Monday, August 15th. Finally, Vetr raised KBR from a “sell” rating to a “hold” rating and set a $14.30 price objective for the company in a research note on Monday, July 25th.
Several hedge funds have recently bought and sold shares of KBR. Geode Capital Management LLC increased its stake in KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock valued at $13,777,000 after buying an additional 32,750 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in KBR during the first quarter valued at $317,000. State Street Corp increased its stake in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock valued at $64,246,000 after buying an additional 288,260 shares during the last quarter. M&T Bank Corp purchased a new stake in KBR during the first quarter valued at $187,000. Finally, Menta Capital LLC purchased a new stake in KBR during the first quarter valued at $311,000. 97.24% of the stock is owned by institutional investors and hedge funds.
Shares of KBR (NYSE:KBR) traded up 1.07% during midday trading on Friday, hitting $15.07. The company had a trading volume of 343,660 shares. The company has a 50-day moving average of $14.87 and a 200 day moving average of $14.62. KBR has a 12 month low of $11.61 and a 12 month high of $19.94. The firm has a market capitalization of $2.15 billion, a PE ratio of 11.68 and a beta of 1.65.
KBR (NYSE:KBR) last posted its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. On average, analysts expect that KBR will post $1.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s payout ratio is currently 24.81%.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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