KBR (NYSE:KBR) had its target price lifted by Citigroup from $22.00 to $23.00 in a research report sent to investors on Tuesday, February 6th. Citigroup currently has a neutral rating on the construction company’s stock.
KBR has been the topic of several other reports. Zacks Investment Research raised KBR from a hold rating to a strong-buy rating and set a $22.00 target price on the stock in a research report on Wednesday, October 25th. Deutsche Bank increased their target price on KBR from $18.00 to $20.00 and gave the stock a buy rating in a research report on Tuesday, October 24th. DA Davidson lowered KBR from a buy rating to a neutral rating and set a $22.00 target price on the stock. in a research report on Wednesday, November 1st. ValuEngine raised KBR from a hold rating to a buy rating in a report on Monday, November 6th. Finally, TheStreet raised KBR from a c rating to a b- rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $21.43.
Shares of KBR (NYSE:KBR) traded down $0.39 during midday trading on Tuesday, reaching $17.74. The company’s stock had a trading volume of 183,129 shares, compared to its average volume of 1,537,745. KBR has a 1 year low of $13.36 and a 1 year high of $21.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $2,471.00, a price-to-earnings ratio of 35.55, a PEG ratio of 1.47 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, March 14th. KBR’s dividend payout ratio (DPR) is 62.75%.
Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in KBR by 26.4% during the second quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock valued at $73,828,000 after buying an additional 1,013,321 shares in the last quarter. Engine Capital Management LLC boosted its stake in KBR by 195.2% during the third quarter. Engine Capital Management LLC now owns 1,149,672 shares of the construction company’s stock valued at $20,556,000 after buying an additional 760,184 shares in the last quarter. Mackenzie Financial Corp bought a new position in KBR during the fourth quarter valued at about $11,370,000. American Century Companies Inc. bought a new position in KBR during the third quarter valued at about $7,472,000. Finally, Frontier Capital Management Co. LLC boosted its stake in KBR by 85.6% during the third quarter. Frontier Capital Management Co. LLC now owns 808,136 shares of the construction company’s stock valued at $14,449,000 after buying an additional 372,656 shares in the last quarter.
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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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