KBR (NYSE:KBR) Upgraded at StockNews.com

StockNews.com upgraded shares of KBR (NYSE:KBRGet Rating) from a hold rating to a buy rating in a research note released on Wednesday.

Several other research firms have also recently commented on KBR. Citigroup reduced their target price on KBR from $65.00 to $60.00 in a research note on Friday, July 22nd. Credit Suisse Group reduced their target price on KBR from $66.00 to $63.00 and set an outperform rating for the company in a research note on Wednesday. KeyCorp raised their price objective on KBR from $55.00 to $66.00 in a research note on Thursday, April 14th. Finally, TheStreet cut KBR from a b+ rating to a c rating in a research note on Wednesday, May 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR presently has a consensus rating of Buy and a consensus target price of $63.25.

KBR Stock Up 0.5 %

NYSE KBR opened at $50.92 on Wednesday. The stock has a market cap of $7.11 billion, a PE ratio of 54.17 and a beta of 1.23. KBR has a fifty-two week low of $36.71 and a fifty-two week high of $56.94. The business has a 50 day moving average price of $48.93 and a two-hundred day moving average price of $49.24. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.09.

KBR (NYSE:KBRGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The construction company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.64 billion. KBR had a return on equity of 25.02% and a net margin of 1.90%. KBR’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. As a group, sell-side analysts predict that KBR will post 2.62 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, June 14th. KBR’s dividend payout ratio is presently 51.06%.

Insiders Place Their Bets

In related news, CFO Mark W. Sopp bought 1,100 shares of the company’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $45.99 per share, with a total value of $50,589.00. Following the completion of the transaction, the chief financial officer now directly owns 117,447 shares of the company’s stock, valued at $5,401,387.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Mark W. Sopp bought 1,100 shares of the company’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $45.99 per share, with a total value of $50,589.00. Following the completion of the transaction, the chief financial officer now directly owns 117,447 shares of the company’s stock, valued at $5,401,387.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark W. Sopp bought 1,050 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was bought at an average cost of $47.74 per share, for a total transaction of $50,127.00. Following the completion of the transaction, the chief financial officer now directly owns 118,497 shares of the company’s stock, valued at $5,657,046.78. The disclosure for this purchase can be found here. 0.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KBR. Arrowstreet Capital Limited Partnership increased its holdings in shares of KBR by 9,478.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,303,373 shares of the construction company’s stock valued at $71,334,000 after purchasing an additional 1,289,765 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in KBR by 251.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,332,807 shares of the construction company’s stock valued at $72,945,000 after buying an additional 953,223 shares in the last quarter. Jennison Associates LLC bought a new position in KBR during the second quarter valued at about $40,373,000. Snyder Capital Management L P boosted its stake in KBR by 28.2% during the fourth quarter. Snyder Capital Management L P now owns 2,395,173 shares of the construction company’s stock valued at $114,058,000 after buying an additional 527,443 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in KBR by 1,212.3% during the first quarter. Assenagon Asset Management S.A. now owns 484,552 shares of the construction company’s stock valued at $26,520,000 after buying an additional 447,628 shares in the last quarter.

KBR Company Profile

(Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

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