KBR (NYSE:KBR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of KBR (NYSE:KBR) from a buy rating to a hold rating in a research note published on Saturday.

A number of other analysts have also recently weighed in on KBR. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Citigroup decreased their price objective on KBR from $67.00 to $62.00 and set a “buy” rating for the company in a report on Monday, October 20th. Bank of America lowered KBR from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Truist Financial set a $62.00 price objective on KBR in a report on Thursday. Finally, Stifel Nicolaus increased their price objective on KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, KBR has an average rating of “Hold” and a consensus price target of $61.67.

KBR Trading Down 2.8%

Shares of NYSE KBR opened at $41.64 on Friday. The stock’s 50 day moving average price is $46.96 and its two-hundred day moving average price is $49.26. KBR has a 52-week low of $40.71 and a 52-week high of $72.60. The stock has a market capitalization of $5.37 billion, a P/E ratio of 15.09, a PEG ratio of 0.85 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.6%. KBR’s dividend payout ratio is presently 22.68%.

Institutional Trading of KBR

A number of hedge funds have recently modified their holdings of the business. AlphaQuest LLC lifted its holdings in shares of KBR by 509.0% in the third quarter. AlphaQuest LLC now owns 20,109 shares of the construction company’s stock valued at $951,000 after purchasing an additional 16,807 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of KBR by 1.4% in the third quarter. Arizona State Retirement System now owns 38,390 shares of the construction company’s stock valued at $1,815,000 after purchasing an additional 529 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of KBR by 10.3% in the third quarter. New York State Common Retirement Fund now owns 80,839 shares of the construction company’s stock valued at $3,823,000 after purchasing an additional 7,538 shares in the last quarter. Covestor Ltd lifted its holdings in shares of KBR by 198.4% in the third quarter. Covestor Ltd now owns 4,267 shares of the construction company’s stock valued at $202,000 after purchasing an additional 2,837 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of KBR in the third quarter valued at $215,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.