KBR (NYSE:KBR) Downgraded to Strong Sell Rating by Zacks Research

KBR (NYSE:KBR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

KBR has been the subject of several other reports. Citigroup dropped their price objective on KBR from $57.00 to $53.00 and set a “buy” rating for the company in a report on Monday, January 26th. Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Bank of America lowered their price target on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Truist Financial reduced their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.

KBR Trading Down 0.4%

Shares of NYSE:KBR opened at $36.64 on Thursday. KBR has a 12-month low of $36.35 and a 12-month high of $56.78. The business has a 50 day moving average of $42.12 and a 200-day moving average of $43.69. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.68. The stock has a market cap of $4.63 billion, a PE ratio of 11.41, a P/E/G ratio of 2.17 and a beta of 0.50.

KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.91 billion. KBR had a return on equity of 35.22% and a net margin of 5.30%.The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, equities research analysts forecast that KBR will post 3.26 earnings per share for the current year.

Institutional Trading of KBR

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in KBR by 11.2% during the 1st quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock valued at $4,073,000 after acquiring an additional 8,243 shares during the period. Goldman Sachs Group Inc. increased its position in KBR by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after buying an additional 211,311 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of KBR in the 1st quarter worth about $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of KBR by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock worth $19,704,000 after buying an additional 23,738 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in KBR by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,859 shares of the construction company’s stock valued at $2,822,000 after purchasing an additional 2,376 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.