KBR (KBR) Sets New 1-Year High at $22.20

Shares of KBR, Inc. (NYSE:KBR) reached a new 52-week high on Thursday . The stock traded as high as $22.20 and last traded at $22.11, with a volume of 164902 shares. The stock had previously closed at $21.43.

Several analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of KBR from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Macquarie lowered shares of KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Wednesday, September 19th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Sunday, July 15th. MKM Partners set a $25.00 price target on shares of KBR and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $22.00 price target on shares of KBR in a report on Monday, July 30th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $23.00.

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.62 and a beta of 1.11.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. KBR had a net margin of 11.35% and a return on equity of 13.40%. KBR’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. Equities research analysts anticipate that KBR, Inc. will post 1.5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, December 14th. KBR’s dividend payout ratio is currently 21.48%.

Several institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC grew its holdings in KBR by 1.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,756,610 shares of the construction company’s stock worth $79,377,000 after acquiring an additional 51,285 shares during the period. American International Group Inc. grew its holdings in KBR by 1.3% during the 3rd quarter. American International Group Inc. now owns 377,057 shares of the construction company’s stock worth $7,967,000 after acquiring an additional 4,741 shares during the period. BlackRock Inc. grew its holdings in KBR by 0.3% during the 3rd quarter. BlackRock Inc. now owns 15,633,553 shares of the construction company’s stock worth $330,336,000 after acquiring an additional 49,537 shares during the period. Alliancebernstein L.P. grew its holdings in KBR by 37.9% during the 3rd quarter. Alliancebernstein L.P. now owns 315,327 shares of the construction company’s stock worth $6,663,000 after acquiring an additional 86,719 shares during the period. Finally, Commonwealth Bank of Australia acquired a new stake in KBR during the 3rd quarter worth $460,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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