KBR, Inc. (KBR) Hits New 52-Week High at $18.47
Shares of KBR, Inc. (NYSE:KBR) hit a new 52-week high on Monday . The stock traded as high as $18.47 and last traded at $18.45, with a volume of 1,552,480 shares changing hands. The stock had previously closed at $17.65.
Several brokerages recently weighed in on KBR. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. KeyCorp set a $20.00 target price on KBR and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $19.80.
The stock’s market capitalization is $2.58 billion. The company has a 50 day moving average price of $17.47 and a 200 day moving average price of $15.66.
KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Analysts expect that KBR, Inc. will post $1.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 14th. KBR’s dividend payout ratio is presently -128.00%.
Several large investors have recently modified their holdings of KBR. BlackRock Inc. boosted its holdings in shares of KBR by 7,264.8% during the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock worth $206,282,000 after acquiring an additional 13,538,277 shares during the period. FMR LLC boosted its holdings in shares of KBR by 47.9% during the second quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after acquiring an additional 6,956,217 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of KBR during the second quarter worth approximately $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of KBR by 25,686.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock worth $20,632,000 after acquiring an additional 1,350,338 shares during the period. Finally, State Street Corp boosted its holdings in shares of KBR by 26.4% during the second quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after acquiring an additional 1,013,321 shares during the period. Institutional investors own 99.74% of the company’s stock.
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KBR Company Profile
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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