KBR Inc. (NYSE:KBR) Receives Average Recommendation of “Hold” from Analysts
KBR Inc. (NYSE:KBR) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.04.
Several research firms have recently issued reports on KBR. Credit Suisse Group AG reaffirmed a “buy” rating on shares of KBR in a research report on Saturday, June 4th. Zacks Investment Research downgraded KBR from a “hold” rating to a “sell” rating in a report on Monday, July 4th. MKM Partners assumed coverage on KBR in a report on Wednesday, June 29th. They issued a “neutral” rating and a $13.00 price objective for the company. DA Davidson set a $20.00 price objective on KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a report on Tuesday, August 16th.
Shares of KBR (NYSE:KBR) traded up 1.07% during midday trading on Friday, hitting $15.07. 343,660 shares of the stock were exchanged. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The stock has a market cap of $2.15 billion, a P/E ratio of 11.68 and a beta of 1.65. The firm’s 50 day moving average price is $14.87 and its 200-day moving average price is $14.62.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. KBR’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. On average, equities research analysts expect that KBR will post $1.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.08 per share. 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 dividend payout ratio is currently 24.81%.
Several institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management bought a new position in KBR during the second quarter valued at $100,000. Fuller & Thaler Asset Management Inc. bought a new position in KBR during the second quarter valued at $102,000. LS Investment Advisors LLC increased its position in KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. increased its position in KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock valued at $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc increased its position in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
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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