KBR Inc. (KBR) Given Buy Rating at DA Davidson
Several other brokerages have also recently commented on KBR. Janney Montgomery Scott restated a buy rating on shares of KBR in a report on Tuesday, August 16th. Zacks Investment Research cut shares of KBR from a buy rating to a hold rating in a report on Wednesday, August 3rd. Credit Suisse Group AG restated a buy rating and set a $18.00 target price on shares of KBR in a report on Monday. MKM Partners set a $15.00 target price on shares of KBR and gave the stock a hold rating in a report on Monday. Finally, Vetr upgraded shares of KBR from a sell rating to a hold rating and set a $14.30 target price for the company in a report on Monday, July 25th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.33.
KBR (NYSE:KBR) traded up 0.82% on Wednesday, hitting $16.00. 2,074,065 shares of the stock traded hands. The firm’s 50 day moving average is $14.76 and its 200 day moving average is $14.61. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 12.40 and a beta of 1.54. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.
KBR (NYSE:KBR) last announced its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was down 26.9% on a year-over-year basis. Equities analysts anticipate that KBR will post $1.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s payout ratio is presently 24.81%.
A number of institutional investors have recently added to or reduced their stakes in KBR. LSV Asset Management acquired a new position in KBR during the second quarter worth approximately $100,000. Fuller & Thaler Asset Management Inc. acquired a new position in KBR during the second quarter worth approximately $102,000. LS Investment Advisors LLC raised 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 worth $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. raised its position in KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc raised 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 worth $135,000 after buying an additional 58 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.
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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