Cowen upgraded shares of KBR (NYSE:KBR) from a market perform rating to an outperform rating in a research report sent to investors on Friday, BenzingaRatingsTable reports. The firm currently has $31.00 price target on the construction company’s stock, up from their prior price target of $23.00.
A number of other research firms have also weighed in on KBR. KeyCorp increased their target price on shares of PGT Innovations from $20.00 to $22.00 and gave the stock an overweight rating in a report on Monday, May 6th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. Macquarie downgraded shares of Janus Henderson Group from an outperform rating to a neutral rating in a research note on Thursday, May 2nd. Finally, TheStreet raised shares of Medpace from a c rating to a b- rating in a research note on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. KBR currently has a consensus rating of Buy and an average price target of $26.64.
KBR stock opened at $26.11 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average price is $24.54. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.72 and a beta of 1.45. KBR has a 1-year low of $13.90 and a 1-year high of $26.40.
KBR (NYSE:KBR) last posted its earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.20 billion. KBR had a net margin of 3.51% and a return on equity of 12.84%. Sell-side analysts anticipate that KBR will post 1.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, June 14th. KBR’s dividend payout ratio is 20.92%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of KBR by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,170,823 shares of the construction company’s stock valued at $32,952,000 after acquiring an additional 46,009 shares in the last quarter. Northern Trust Corp raised its stake in shares of KBR by 3.1% in the 4th quarter. Northern Trust Corp now owns 2,211,451 shares of the construction company’s stock valued at $33,570,000 after acquiring an additional 67,129 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of KBR by 10.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 91,461 shares of the construction company’s stock valued at $1,288,000 after acquiring an additional 8,837 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of KBR by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,666,237 shares of the construction company’s stock valued at $86,013,000 after acquiring an additional 422,548 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of KBR by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 220,813 shares of the construction company’s stock valued at $3,352,000 after acquiring an additional 4,979 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
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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