KBR (NYSE:KBR) Upgraded at Wall Street Zen

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

A number of other brokerages have also issued reports on KBR. Oppenheimer started coverage on shares of KBR in a research report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 target price on the stock. Bank of America cut their price target on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Wells Fargo & Company initiated coverage on KBR in a research report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price target on the stock. Truist Financial dropped their price objective on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Citigroup cut their target price on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.00.

KBR Stock Performance

Shares of NYSE KBR opened at $43.26 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.00 and a beta of 0.52. The stock’s fifty day moving average price is $41.84 and its two-hundred day moving average price is $45.69. KBR has a one year low of $39.52 and a one year high of $60.98.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. On average, equities analysts forecast that KBR will post 3.26 EPS for the current year.

KBR Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of KBR by 1.5% in the third quarter. Invesco Ltd. now owns 5,544,490 shares of the construction company’s stock worth $262,199,000 after acquiring an additional 79,258 shares during the period. Boston Partners lifted its position in shares of KBR by 25.6% in the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after purchasing an additional 1,122,076 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of KBR by 8.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock valued at $196,116,000 after purchasing an additional 308,268 shares during the last quarter. Franklin Resources Inc. increased its position in shares of KBR by 17.8% during the second quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock worth $163,929,000 after buying an additional 517,633 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of KBR by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,550,767 shares of the construction company’s stock worth $120,621,000 after buying an additional 38,568 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.