KBR, Inc. (KBR) Given Buy Rating at KeyCorp
KBR has been the subject of a number of other research reports. Zacks Investment Research cut shares of KBR from a hold rating to a sell rating in a research report on Wednesday, October 4th. BidaskClub cut shares of KBR from a hold rating to a sell rating in a research report on Saturday, August 19th. Finally, TheStreet raised shares of KBR from a d+ rating to a c- rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. KBR has a consensus rating of Hold and an average target price of $19.00.
Shares of KBR (KBR) opened at 17.52 on Friday. The firm has a 50-day moving average of $17.07 and a 200-day moving average of $15.55. The company’s market capitalization is $2.45 billion. KBR has a one year low of $13.17 and a one year high of $18.28.
KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. Equities research analysts expect that KBR will post $1.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. KBR’s payout ratio is presently -128.00%.
Institutional investors have recently made changes to their positions in the company. Heartland Advisors Inc. bought a new stake in shares of KBR in the second quarter valued at about $6,797,000. UBS Asset Management Americas Inc. lifted its position in KBR by 15.6% during the first quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock worth $2,056,000 after purchasing an additional 18,489 shares during the period. RK Capital Management LLC bought a new stake in KBR during the second quarter worth about $9,064,000. Rhumbline Advisers lifted its position in KBR by 17.3% during the second quarter. Rhumbline Advisers now owns 299,623 shares of the construction company’s stock worth $4,560,000 after purchasing an additional 44,109 shares during the period. Finally, Torray LLC lifted its position in KBR by 17.6% during the second quarter. Torray LLC now owns 590,400 shares of the construction company’s stock worth $8,986,000 after purchasing an additional 88,400 shares during the period. 99.74% of the stock is owned by institutional investors.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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