Zacks Investment Research upgraded shares of KBR, Inc. (NYSE:KBR) from a hold rating to a strong-buy rating in a report released on Wednesday. The brokerage currently has $22.00 price target on the construction company’s stock.
According to Zacks, “KBR’s Government Services business is experiencing stellar growth and the company remains confident that recent acquisitions will continue to accelerate growth momentum of this business. Organic growth from contracts with the U.S. Military proved to be the main driving force for the top-line improvement. KBR’s acquisitions in the Government Services segment continued to accelerate growth of the business. Moreover, the company is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. In addition, over the past three months, KBR’s shares have outperformed the industry’s average gain significantly. Also, KBR’s high backlog level highlights its underlying strength. On the flip side, the long-cycle nature of the contracts, volatility in material & equipment pricing, risk of client loss and stiff competition raise caution.”
Other analysts also recently issued research reports about the company. Deutsche Bank AG boosted their price objective on KBR from $18.00 to $20.00 and gave the company a buy rating in a research report on Tuesday. KeyCorp reiterated a buy rating and issued a $20.00 price objective on shares of KBR in a research report on Friday, October 6th. TheStreet upgraded KBR from a d+ rating to a c- rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded KBR from a sell rating to a hold rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. KBR has an average rating of Buy and an average target price of $20.14.
KBR (KBR) traded down 0.70% on Wednesday, hitting $18.38. The stock had a trading volume of 1,381,007 shares. The stock’s market capitalization is $2.57 billion. KBR has a 1-year low of $13.17 and a 1-year high of $19.39. The company has a 50-day moving average price of $17.97 and a 200-day moving average price of $15.88.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate 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. Equities analysts predict that KBR will post $1.44 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.74%. KBR’s dividend payout ratio (DPR) is presently -128.00%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake 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 valued at $326,814,000 after buying an additional 6,956,217 shares during the period. BlackRock Inc. increased its stake in shares of KBR by 12.6% during the second quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock valued at $235,167,000 after buying an additional 1,726,589 shares during the period. Vanguard Group Inc. grew its stake in KBR by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after purchasing an additional 334,896 shares during the period. Huber Capital Management LLC grew its stake in KBR by 0.7% in the second quarter. Huber Capital Management LLC now owns 8,330,385 shares of the construction company’s stock worth $126,788,000 after purchasing an additional 61,300 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in KBR by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,115,303 shares of the construction company’s stock worth $76,881,000 after purchasing an additional 970,602 shares during the period. 99.74% of the stock is currently owned by hedge funds and other institutional investors.
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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