Citigroup Cuts KBR (NYSE:KBR) Price Target to $57.00

KBR (NYSE:KBR) had its price target trimmed by Citigroup from $62.00 to $57.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. DA Davidson dropped their target price on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. Truist Financial set a $62.00 target price on shares of KBR in a report on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, KBR presently has an average rating of “Hold” and a consensus target price of $61.67.

KBR Trading Up 0.7%

Shares of NYSE:KBR opened at $42.71 on Monday. The company has a 50 day moving average of $46.60 and a 200-day moving average of $49.16. The firm has a market cap of $5.42 billion, a P/E ratio of 15.48, a P/E/G ratio of 0.85 and a beta of 0.68. KBR has a twelve month low of $40.71 and a twelve month high of $72.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73.

KBR (NYSE:KBR) last released its earnings results on Thursday, October 30th. The construction company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts anticipate that KBR will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR’s dividend payout ratio is currently 22.68%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KBR. GAMMA Investing LLC increased its stake in KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after buying an additional 594 shares during the period. Principal Financial Group Inc. increased its stake in KBR by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company’s stock valued at $15,298,000 after buying an additional 1,343 shares during the period. TD Private Client Wealth LLC increased its stake in KBR by 24.8% in the 1st quarter. TD Private Client Wealth LLC now owns 5,574 shares of the construction company’s stock valued at $278,000 after buying an additional 1,109 shares during the period. Crossmark Global Holdings Inc. increased its stake in KBR by 44.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 11,237 shares of the construction company’s stock valued at $560,000 after buying an additional 3,435 shares during the period. Finally, Cerity Partners LLC increased its stake in KBR by 697.0% in the 1st quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock valued at $1,361,000 after buying an additional 23,887 shares during the period. Institutional investors and hedge funds 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.