ValuEngine cut shares of KBR (NYSE:KBR) from a buy rating to a hold rating in a report released on Thursday morning, ValuEngine reports.
A number of other equities research analysts have also weighed in on KBR. Cowen upgraded KBR from a market perform rating to an outperform rating and raised their price objective for the company from $23.00 to $31.00 in a research note on Friday, July 19th. Macquarie set a $25.00 target price on KBR and gave the stock a hold rating in a research report on Thursday, May 2nd. SunTrust Banks started coverage on KBR in a research report on Monday, July 22nd. They issued a buy rating and a $37.00 target price for the company. Zacks Investment Research lowered KBR from a strong-buy rating to a hold rating and set a $29.00 target price for the company. in a research report on Tuesday, July 9th. Finally, TheStreet upgraded KBR from a c+ rating to a b- rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. KBR presently has an average rating of Buy and a consensus target price of $27.20.
Shares of NYSE:KBR traded down $0.79 during mid-day trading on Thursday, hitting $23.99. 161,142 shares of the company traded hands, compared to its average volume of 1,113,384. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.31 and a current ratio of 1.27. KBR has a 52-week low of $13.90 and a 52-week high of $26.84. The stock’s 50 day moving average price is $25.16.
KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. KBR had a return on equity of 13.09% and a net margin of 3.52%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $0.35 EPS. KBR’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts expect that KBR will post 1.67 earnings per share for the current fiscal 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 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, June 14th. KBR’s payout ratio is currently 20.92%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in KBR by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,666,237 shares of the construction company’s stock valued at $86,013,000 after purchasing an additional 422,548 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of KBR by 3.9% in the first quarter. Pzena Investment Management LLC now owns 4,913,275 shares of the construction company’s stock worth $93,794,000 after buying an additional 184,696 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of KBR by 4.8% in the first quarter. Neuberger Berman Group LLC now owns 1,742,225 shares of the construction company’s stock worth $33,254,000 after buying an additional 79,345 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of KBR by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,620,410 shares of the construction company’s stock worth $24,597,000 after buying an additional 32,616 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of KBR by 2.1% in the first quarter. OppenheimerFunds Inc. now owns 1,414,153 shares of the construction company’s stock worth $26,997,000 after buying an additional 28,457 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.
KBR Company Profile
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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